Source Pravda.Ru

Intact Oil Quotas - 23 September, 2002

The OPEC left its current production quotas intact at a meeting in Japan. But until the war question is solved OPEC is to pump extra oil on short notice.

By deciding not to authorize any additional pumping of crude, OPEC makes it somewhat more likely that inventories will continue to fall in oil-importing countries, which in turn could lead to higher prices that would damage an already fragile global economy.

As oil traders had been expecting OPEC to leave quotas unchanged prices for October delivery fell 8 cents per barrel to $29.40 in New York trading yesterday.

OPEC members don’t believe recent warnings from oil-consuming nations that oil supplies are too low and pushing oil prices higher as a result. The reason as OPEC thinks is in fears about a possible war that had pushed up prices by $3 or $4 a barrel.

©

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

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

Human Rights Day: Let us hang our heads in shame
Comments
Turkish President Erdogan issues ultimatum to Washington and Brussels
Russian general says allegations of his involvement in MH17 crash are stupid
Putin makes first comment on Trump's Jerusalem decision
Turkish President Erdogan issues ultimatum to Washington and Brussels
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
Elon Musk sells old ideas to NASA under the guise of unprecedented innovations
Russian general says allegations of his involvement in MH17 crash are stupid
Europeans say what puzzles them in Russia most
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
USA looking for reason to see nuclear weapons in action
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Putin makes first comment on Trump's Jerusalem decision
Russia works on MiG-41 doomsday fighter jet
Russia works on MiG-41 doomsday fighter jet
Russia works on MiG-41 doomsday fighter jet
Mikhail Saakashvili's bumpy ride in politics: From chewing his tie to climbing on rooftop
Mikhail Saakashvili's bumpy ride in politics: From chewing his tie to climbing on rooftop
European Court of Human Rights: Promoting filth and insolence
European Court of Human Rights: Promoting filth and insolence