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22 November 2008 The on-line newspaper devoted to the world of transports 21:43 GMT+1



January 7, 2003

OPEC discussing output increase of 1-2 million barrels

Unni Einemo
The Bunker Bulletin

Bloomberg reported today that Saudi Arabia is backing a move by OPEC to raise official production quotas by as much as 2 million barrel per day (bpd) to make up for the loss of Venezuelan oil. However, other OPEC sources said ministers are still consulting on how to respond if the price-band mechanism is triggered on January ......
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