StatoilHydro ASA
Oil
Submitted by loner on 27 October, 2003 - 1:13pm Strikes in Venezuela and the prospect of war in Iraq make Opec's belated decision on production and quota levels look irrelevant. But the cartel's action provides an important boost to its credibility. Its members account for only one-third of global production, but they supply two-thirds of exports. Restoring confidence depends partly on Venezuela, Nigeria and Algeria, the most likely defaulters, sticking to the new limits.
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What did I say then?
Different perspective (7 years 12 weeks ago):
Some want it short...
Some want it...
