Fresh rumors that OPEC is considering upping its output has tempered investor confidence for a dramatic rise in Crude prices. |
The OPEC nations habitually cheat on each other by exceeding the production quotas that they agree to. |
Over the past three decades the OPEC Fund has grown and changed to a degree probably undreamed of by its creators. |
The cutback was in line with the March 1999 agreement among OPEC member countries to curb oil production for a period of one year. |
For OPEC Member Countries and the institutions they operate, 2000 was equally a remarkable year, to put it modestly. |
For the global community, the OPEC family of nations and the OPEC Fund, it was, indeed, also an extraordinary year. |