Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: jim_p who wrote (62863)	3/24/2000 2:41:00 PM
From: Think4Yourself	Read Replies (1) of 95453

OPEC members weigh in... VENEZUELA Vienna, March 24 (Bloomberg) -- The Organization of Petroleum Exporting Countries, which meets next week, has agreed to increase output from their current quotas, said Jorge Valero, Venezuela's deputy foreign minister. ``We are agreed that there will be an increase,' Valero said, adding that the increase would be ``from quota levels.' The increase ``must be a small one', he said. U.A.E. ``It's too early to say what OPEC's going to do. We shall support any constructive position. It's too early to say the amount or timing of an increase.' On whether an increase would be based on pledged output quotas or actual production, which is about 1 million barrels a day higher: ``Any increase should be added to the quota.' QATAR Top oil exporters should keep existing output quotas, that have caused the price to triple in the last 14 months, until the end of June because demand will fall in the second quarter, Qatar's Head of State said IRAQ Verious comments about not giving into American imperialist pressures

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