03Mar2008 As Economy Lags in U.S., Oil Nations Rethink Cuts (NYT)

New York Times, 03 Mar 08

Concerns about the weakening U.S. economy are inclining sympathetic OPEC members to maintain production at current levels, rather than reducing output to balance any seasonal fall in demand. "Greg Priddy, an analyst at the Eurasia Group, said in a research note. “Leading members such as Saudi Arabia are keen to limit price increases, fearing negative effects on their relations with the U.S.”"

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