In February OPEC countries increased oil production 1.9%, up to 26.6 mln barrels a day

03.03.00 00:00
/IRBIS, March 3, 00/ - PRIME-TASS informs, with the reference to Bloomberg, that in February OPEC countries increased oil production 1.9%, up to 26.6 mln barrels a day. The representatives of the organization believe that OPEC countries understand the necessity of increasing oil production as soon as possible. It is said non-observance of current quotas is sort of an increase in oil production. Oil prices fell under recent statements of some oil producers on the need to increase the production. April futures went down 1.3%, to $28.85 per barrel in London, and then gained up to $29.12 per barrel, while in New York oil went down 0.6%, to $31.5 per barrel.