Source Pravda.Ru

OPEC Says: No

Ministers from the oil producers' cartel OPEC have decided not to increase production of crude oil in the fourth quarter of 2002 arguing that there is enough oil.

OPEC had been under pressure mostly from the side of the US to increase production only because of the fears of war with Iraq.

But concerns eased after Iraq said it was ready to re-admit weapons inspectors.

OPEC aims to keep the price of crude oil within a range of $22 and $28 a barrel. Now, oil prices are ricocheting around between $27 and $30 a barrel, sometimes rising above the desired range.

Disagreement between member countries appeared as Saudi Arabia, the most powerful member of the cartel, argued in favour of boosting output and lowering prices. But it was persuaded to go along with the majority.

©

&to=http://www.opec.org' target=_blank>OPEC

In Colombo, at least 40 were killed as a result of a series of explosions that took place in several cities of Sri Lanka on Easter Sunday, April 21, 2019

Easter Sunday bombings in Sri Lanka: Explosions in hotels and churches kill at least 160

The British Foreign and Commonwealth Secretary: Squeaky clean, making the right sounds at the right time, the epitome of today's political class

Meet Jeremy Hunt: The (Lightweight) Laboratory Politician

In Colombo, at least 40 were killed as a result of a series of explosions that took place in several cities of Sri Lanka on Easter Sunday, April 21, 2019

Easter Sunday bombings in Sri Lanka: Explosions in hotels and churches kill at least 160
Comments
Declaration of Florence: For an International Front NATO Exit
Oscars so racist
Easter Sunday bombings in Sri Lanka: Explosions in hotels and churches kill at least 160
Terror in the heart of the Netherlands escalates into outburst of nationalism
Terror in the heart of the Netherlands escalates into outburst of nationalism
Notre Dame, Brexit and Assange: What matters
Notre Dame, Brexit and Assange: What matters
Russia does not support Libyan National Army General Haftar
Russia bans exports of oil, coal and petroleum products to Ukraine
Russia bans exports of oil, coal and petroleum products to Ukraine
Russia bans exports of oil, coal and petroleum products to Ukraine
Russia bans exports of oil, coal and petroleum products to Ukraine
Meet Jeremy Hunt: The (Lightweight) Laboratory Politician
Notre Dame, Brexit and Assange: What matters
Russia bans exports of oil, coal and petroleum products to Ukraine
Russia bans exports of oil, coal and petroleum products to Ukraine
Russia bans exports of oil, coal and petroleum products to Ukraine
Meet Jeremy Hunt: The (Lightweight) Laboratory Politician
Putin sends telegram to Macron after Notre Dame fire: Russia ready to help
Russia and NATO terminate cooperation in military and civil areas completely
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech