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| OPEC postpones quota hikes until June |
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 Tyler_JC writes: KUWAIT/PARIS - The OPEC oil cartel will raise supply to near 25-year highs next month even though it will postpone a formal rise in production quotas until a June meeting, the group’s president said on Monday.
Kuwait’s Sheikh Ahmad al-Fahd al-Sabah said that the group will raise production by around 500,000 barrels per day (bpd) to prepare for an expected demand surge later this year.
msnbc
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Posted on Tuesday, April 19 @ 10:49:15 PDT by MarkL |
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