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Vol. 9, No. 38 Week of September 19, 2004
Providing coverage of Alaska and northern Canada's oil and gas industry


OPEC to boost output by 1 million barrels by Nov. 1

Cartel makes goodwill gesture to head off rising global crude oil prices

The Associated Press

OPEC will increase its production of oil by 1 million barrels a day starting in November as the cartel moves to head off rising oil prices. Kuwaiti Oil Minister Sheik Ahmad Fahad al-Ahmad al-Sabah said the cartel agreed to the decision to raise output by nearly 4 percent, adding it would take effec....


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