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

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To: CalculatedRisk who wrote (12043)9/22/2004 10:31:49 AM
From: mishedlo   of 116555
 
OPEC president urges all oil producers to up output
[Is this a joke or what? mish]

Wednesday, September 22, 2004 10:32:05 AM
afxpress.com

JAKARTA (AFX) - OPEC president Purnomo Yusgiantoro urged all oil-producing countries that are able to increase output to do so in order to take the heat out of the market

"An appeal has gone out to all countries that can increase production in order to ensure supplies (are adequate)," he said

He blamed recent rises in the oil price on the effects of Hurricane Ivan and concerns over the future of Russian oil giant Yukos
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