LONDON (AFX) – OPEC officials say they wouldn’t be able to produce enough oil to meet demand should output cease from both Iraq and Venezuela, raising the prospect of significant price increases should the timing of crises in both these countries overlap, the Wall Street Journal reported. OPEC officials said the group will pump more…
MARKETS: OPEC sees oil shortfall if Iraq, Venezuela stop output
Posted on December 27, 2002 by EnergyAsia