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Article: OPEC secretary general sees average 2002 oil price at dlrs 22 a barrel

Article from:
AP Worldstream
Article date:
January 2, 2002
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Dateline: CARACAS, Venezuela OPEC's secretary general said Wednesday that oil prices will average dlrs 22 a barrel this year, expressing confidence that prices will remain within the group's target range.

A recent 1.5 million barrels a day production cut by the Organization of Petroleum Exporting Countries has been successful in stemming a slide in oil prices, added Ali Rodriguez in an interview with Venezuelan state news agency Venpres.

Rodriguez, a former Venezuelan oil minister, said OPEC is not planning new measures to bolster prices, which have recovered slightly after sliding more than 30 percent since the Sept. 11 terror ...

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