VOL. XLVII
No 03
19-January-2004
SUPPLY/DEMAND
Oil Prices Should Be Determined By Market, Says Abraham
The US government believes that oil prices should be determined by market forces, US Energy Secretary Spencer Abraham said on 12 January. Speaking on a trip to China, Mr Abraham said however that US President George W Bush had expressed concern that oil prices should not undermine global economic growth of oil consuming nations. A strong growing world economy is good for oil-producing and...
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