OPEC agrees on a production quota of 25.4 million barrels per day.(Organization of Petroleum Exporting Countries)(Brief Article)

From: Indonesian Commercial Newsletter | Date: May 13, 2003 | Copyright information

The Organization of Petroleum Exporting Countries (OPEC) agreed to raise its production quota to from 24.5 million barrels per day to 25.4 million barrels starting June 2003. However, OPEC will first cut back production two million barrels per day to control price fall after the Iraq war. ...

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