VIENNA (AFX) – The 1.5 million barrels a day total increase in production quotas agreed by OPEC oil ministers yesterday does little more than officialise current output levels and may do little to calm oil markets, analysts said. Some OPEC members, notably Saudi Arabia which has the most spare production capacity, have already been producing…
MARKETS: OPEC quota hike does no more than ‘officialise’ current output levels
Posted on January 20, 2003 by EnergyAsia