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: Archie Meeties who wrote (62877)	3/24/2000 4:35:00 PM
From: Tomas	Read Replies (1) of 95453

Norway cautious on sudden suspension of oil curbs [Guess why!] OSLO, March 23 (Reuters) - New Norwegian Oil and Energy Minister Olav Akselsen said on Thursday that any sudden suspension of Norway's 200,000 barrels per day oil curbs would bring market instability. ``There is in my opinion a need for an increase in the global production,' he told a news conference with visiting U.S. Energy Secretary Bill Richardson.``However, we also have to take into consideration that the full suspension of today's production regulations will have a negative impact on the market and work against price stability.' _______________________ The truth is that most of Norway's oil curbs are illusory. Norway has been a master at pulling the wool over OPEC's eyes, see the following article: marketwatch.newsalert.com

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