OPEC leaders meet amid oil price crisis

Encouraging signals from OPEC that it would raise production had the immediate and desired effect of lowering record-high oil prices, but analysts were wondering whether the measure would prevent a worldwide crisis.

OPEC leaders meet amid oil price crisis
Thu, 03 Jun, 2004 - 10:22

Encouraging signals from OPEC that it would raise production had the immediate and desired effect of lowering record-high oil prices, but analysts were wondering whether the measure would prevent a worldwide crisis.

OPEC representatives were meeting in Beirut today to discuss further action a day after oil prices plunged 6%.

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