Independent journal on economy and transport policy
15:05 GMT+1
OPEC to Hike Output if Prices Stay High
(The New York Times)
May 30, 2000
By Reuters
CARACAS, Venezuela (Reuters) - OPEC President Ali Rodriguez said on Monday the cartel would increase production if oil prices remain at current levels.
``We already have 10 continuous days above $28, and if this is maintained continually then the market correction mechanism will be automatically triggered with an increase in production,'' Rodriguez, ...... Read more on The New York Times
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