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: Second_Titan who wrote (72740)	9/8/2000 3:52:00 PM
From: Second_Titan	Read Replies (1) of 95453

Really 3 million? Okay maybe with some real effort you could produce it with help from UAE and Kuwait. But who wants these last noxious sour barrels? When you find a customer, will there be a tanker to carry this increase? Will this oil increase the HO & Gas stock levels in the US? Dow Jones Newswires OPEC: Saudi Oil Min: OPEC Spare Capacity Is At 3M B/D Dow Jones Newswires VIENNA -- Saudi Arabian Oil Minister Ali Naimi said Friday that OPEC's spare capacity stands at 3 million barrels of oil a day. Naimi was responding to questions from reporters. Leaving his hotel in Vienna, Naimi was asked what extra volume the Organization of Petroleum Exporting Countries is considering adding to the market, and he responded, "We'll tell you on Sunday." Naimi wouldn't elaborate on which members the spare capacity comes from. By Dyala Sabbagh, Dow Jones Newswires

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