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OPEC to bolster supply
- United Arab Emirates: Monday, December 30 - 2002 at 13:32
The Organisation of the Petroleum Exporting Countries, which controls two-thirds of world crude exports, has pledged to plug any supply shortage due to the strike in Venezuela, OPEC's third-biggest producer. But so far officials have said there were no signs of any real shortage. Kuwait said it expects OPEC to hold an extraordinary meeting to consider raising production if prices remained high, according to Reuters reports.
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Peter J. CooperMonday, December 30 - 2002 at 13:32 UAE local time (GMT+4)
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This article was updated on Wed Nov 01 2006.
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