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18 September 2021 The on-line newspaper devoted to the world of transports 01:35 GMT+2

July 4, 2001

OPEC Will Hold Oil Output Steady
Cartel Worried About Iraq Resuming Exports

By William Drozdiak
Washington Post Foreign Service

BRUSSELS, July 3 -- Faced with the prospect that Iraq may soon resume exporting oil, OPEC producers agreed today to maintain current levels of output in a bid to sustain prices around their target of $25 a barrel.

The decision to hold output steady came as a disappointment to consumer countries, which have ......
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