VOL. XLIII
No. 38
18-September-2000
OPEC
OPECs Bid To Lower Crude Prices Thwarted By Unexpected Events
OPECs promise of further production increases (see lead story) did not have the desired effect of sending crude oil prices on a downward track. Despite an extra 800,000 b/d of OPEC supplies beginning 1 October and the possibility that the US government will draw on its Strategic Petroleum Reserve (SPR), prices rose, dipped and then rose again as Iraq threatened on 14 September to take suitable...
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