World: Opec President to Propose Production Raise By 500,000 Barrels/ D
Posted on: Wednesday, 7 September 2005, 06:00 CDT
World: Opec president will propose production raise by 500,000 barrels/d of oil at an Opec meeting in Sep 2005
. In late Aug 2005 oil prices hit a historical maximum and exceeded USD 70/barrel in reaction to the fear of hurricane Katrina, which made oil producers lower mining in the Gulf of Mexico by one third.Source: Access Czech Republic Business Bulletin
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