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Article: 3 oil ministers agree to boost output.
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- March 3, 2000
- Author:
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Oil ministers from Saudi Arabia, Venezuela and Mexico said yesterday they plan to boost world oil supplies after a scheduled cut in production expires later this month.
But even if an agreement is reached among the other major oil-producing countries, U.S. drivers probably will not get relief from record-high gas prices at least until this summer, analysts warned.
"We are now in agreement to boost oil production. The problem is we must agree how much to increase and exactly when it will happen," said Ali Rodriguez, Venezuela's oil minister, after a meeting in London with the oil ministers of Saudi Arabia and Mexico.
All three ministers were ...