OPEC may increase oil production in March already - experts of the World bank

/IRBIS, Feb.4, 00/ - PRIME-TASS informs, with the reference to the World bank, that OPEC will ease their own limitations on oil production in March already. The oil price, which came close to $30 per barrel on world markets, is making a political pressure on producing countries not to let the price rise any more. World bank experts believe OPEC will make a decision to expand the production at their meeting on March 27. Representatives of OPEC member countries and Mexico were stating during last two months that oil production limits would be kept at last year's level. Norway, which is not OPEC member and is one of the biggest oil producers, has not made a statement supporting OPEC in shrinking the oil production yet. The countries, not the members of OPEC, can use the current situation to sharply expand their productions, as it may seem after the talks between Norway and Saudi Arabia. Er-Ryad is worried about losing some key markets.