ARAB-OPEC - July 7 - US Oil Prices Rise.
The US Energy Information Administration forecast that OPEC production, excluding Iraq, would be 26.2mb/d in the 3rd quarter, almost 1m barrels higher than during the 2nd quarter. The agency forecast that it would be 800,000bb/d above the cartel's production target of 25.4mb/d. The US Environmental Protection Agency (EPA) says that falling gasoline prices are dimming any chance of lifting new anti-smog fuel regulations, blamed for this summer's rise at the pumps. (The EPA came under fire from trade associations and consumer groups after it introduced its new clean-air gasoline rules by June 1, which refiners said were more expensive to meet.) In the equities market, share of major oil companies end slightly higher.)
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|Publication:||APS Diplomat Recorder|
|Article Type:||Brief Article|
|Date:||Jul 8, 2000|
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