The Organization of Petroleum Exporting Countries (OPEC) has suspended its price band of $22 to $28 a barrel.(Prices: factors affecting product cost)(Brief Article)

From: Purchasing | Date: February 17, 2005 | Copyright information

* The Organization of Petroleum Exporting Countries (OPEC) has suspended its price band of $22 to $28 a barrel, which was set in March 2000 and has largely been ignored lately. Oil ministers say the rate, adjusted for inflation and the declining ...