VOL. XLIII

No. 37

11-September-2000

OPEC

Oil Prices Soar Despite OPECs Plan To Increase Production For Third Time This Year

Despite OPECs well-publicized plans to increase production for the third time this year, crude oil prices have continued their seemingly inexorable climb to more than $35/B, exceeding the levels registered during the Gulf war a decade ago. Paradoxically, this price rise is taking place at a time when OPEC (including Iraq) has already increased production in August by around...