Rodriguez says OPEC price band will be $22-$28 per barrelIncrease or decrease of 500,000 barrels a day in production would kick in if prices stay outside set price range for 20 days Sandra Hernandez Associated Press Writer
OPEC plans to increase oil output whenever the price of the cartel’s crude basket exceeds $28 a barrel and lower output when the price dips below $22, Venezuelan Oil Minister Ali Rodriguez said March 31.
Rodriguez, the new president of the Organization of Petroleum Exporting Countries, said the pri....
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Agreement to increase by 1.7 million barrels a day
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