JAKARTA (AFX-ASIA) – The Organisation of Petroleum Exporting Countries (OPEC) is expected to increase oil production by 1 million barrels per day (mb/d) in the fourth quarter in a bid to retrieve market share from rival producers, BP Plc said. “OPEC will have to add 1.0 mb/d in the fourth quarter of this year and…
MARKETS: BP sees OPEC output seen up 1 mln b/d in Q4 under threat of non-OPEC growth
Posted on July 15, 2002 by EnergyAsia