OPEC may lift production restrictions and decide to increase production in March meeting - high rank OPEC source

/IRBIS, Jan.31, 00/ - PRIME-TASS informs, with the reference to a source in OPEC, that this organization may lift production restrictions and decide to increase the production in March meeting. This means OPEC may change its attitude towards keeping production restrictions. It is believed growing demand and absence of new investments into this sector may keep the prices up for OPEC to increase the production. Head of Royal Dutch/Shell Group said in Davos the oil prices would remain high this year, at $20 per barrel, and they might decrease later in the year or in next year when oil companies will try to keep up with rising prices. OPEC will hold a meeting on March 27. Earlier, OPEC was advised to keep the production restrictions in Vienna.