LONDON (AFX) Ð The shares of oil heavyweights were weaker last week with the price of crude amid speculation that Nigeria is to exit OPEC and increase output, dealers said. Russia’s recent confirmation of an output increase of 150,000 b/d from the start of July and fears of a price war with OPEC also continued…
MARKETS: Oil shares adrift with weak crude, fears of Nigerian output hikes
Posted on July 29, 2002 by EnergyAsia