Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Haim R. Branisteanu who wrote (5970)	5/10/2004 9:25:20 AM
From: mishedlo	Read Replies (2) of 116555

Saudi Arabia calls for 1.5 million bpd hike in OPEC output Monday, May 10, 2004 12:09:15 PM RIYADH (AFX) - The Organization of Petroleum Exporting Countries (OPEC) needs to add not less than one and a half million barrels per day (bpd) to its production ceiling, Saudi Oil Minister Ali al-Naimi said earlier "It is certain that the kingdom believes that increasing OPEC's production ceiling is essential to keep supply and demand balance "It is apparent that demand, especially that of Asia, has and will continue to increase in the second half of this year "We in the kingdom estimate the required increase of the ceiling to be no less than one and a half million bpd," Naimi said in a statement released by the oil ministry His remarks came as prices on world markets soared to 13-year highs with crude hitting 40 dollars a barrel in New York on fears of terrorist strikes in the Middle East and US gasoline shortages OPEC agreed in March to cut output by one million bpd to reduce total production to 23.5 million from April 1 fxstreet.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next