VOL. XLVII

No 17

26-April-2004

OPEC

Woodward Claim Stirs Controversy As OPEC Ministers Try To Explain Price Strength

The claim by veteran Washington Post journalist Bob Woodward that Saudi Arabia agreed a pact with US President George W Bush to increase oil production in an effort to bring down oil prices ahead of the November presidential election has predictably stirred controversy between the worlds largest oil exporter and the worlds largest consumer. While most US voters would doubtless find...