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05 December 2008 The on-line newspaper devoted to the world of transports 18:37 GMT+1



March 15, 2002

OPEC unlikely to boost production

OPEC oil ministers prepared on Thursday to extend a freeze on crude output saying prices were inflated by the threat of a US attack on Iraq rather than any supply shortage.

The Organisation of the Petroleum Exporting Countries wants to hoist oil back to its central $25-a-barrel target after a six-month price slump caused by a recession that slowed demand. ......
Read more on China Daily



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