Middle East Economic Survey
VOL. XLVIII
No 33
15-August-2005
OPEC Concerned About Rising Oil Prices, Sees Its Total Oil Production At 30.4Mn B/D
OPEC issued a statement on 9 August noting its concerns about the rise in oil prices to new all-time highs in recent days and reiterating its commitment to action to support market stability. OPEC said the latest rise in oil prices had been triggered by a series of refinery outages that have aggravated downstream bottlenecks in key consuming regions,...
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