OPEC agrees to boost oil production quota


	OPEC agrees to boost oil production quota

BobbyDelray

9-11-2007 12:10 PM

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tags:

opec, oil, energy, organization of petroleum exporting countries, saudi arabia

BobbyDelray says:

Output will be raised by 500,000 barrels a day, OPEC delegate says

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9ae6c0c7-1562-45bc-b905-7ddea864627c/99A1CFA1-44C1-41D2-9E45-11C0F2EFCBF5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.msnbc.msn.com/id/20698049/" href="http://www.msnbc.msn.com/id/20698049/" style="font-size: 11px;">www.msnbc.msn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/20698049/"><P ndPar="[object Object]"><SPAN id="byLine"></SPAN>VIENNA, Austria - The <A href="#" target="_blank" itxtdid="4069309">Organization of Petroleum Exporting Countries</A> has agreed a deal to increase its oil output by 500,000 barrels per day, an OPEC delegate said Tuesday. The rise would be effective from November.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/20698049/"><P ndPar="[object Object]"><SPAN id="byLine"></SPAN>The increase is seen as purely token, since the 12-nation group — which supplies about 40 percent of the world’s crude — already is pumping at least 1 million barrels a day over its current official quota of 25.8 million barrels a day.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/20698049/"></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/99A1CFA1-44C1-41D2-9E45-11C0F2EFCBF5/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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