The OPEC has ruled out the possibility of an immediate output rise after oil prices slid. However it still predicts an output rise of 500,000 bpd expected to commence in May.
It is foreseen that the market behavior will force oil producers to raise production in May. A 500,000 barrels increase is expected before June. A rise in the world demand for oil is also expected to rise by one million bpd in the third quarter.
09-May-05 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}