PARIS (AFX) – OPEC member countries will be allowed to raise their output if the oil price stays above US$28 per barrel for another two consecutive weeks, OPEC president Purnomo Yusgiantoro told the Jakarta Post. The ten countries in question — Iraq is currently outside the quota system — will be allowed to produce above…
MARKETS: OPEC members can produce above quota if oil price above US$28 for 2 more weeks
Posted on March 2, 2004 by EnergyAsia