Summary
OPEC signaled it would boost oil production and said it would ask other major oil producers outside the group such as Mexico to do so as well to make up for lost crude exports from sabotaged pipelines in Iraq.
But analysts said pumping the extra oil would strain the world's limited spare production capacity and leave a wafer-thin cushion with which to absorb any future supply disruptions.See the full content of this document
Extract
Opec Will Supply More to Offset Iraq Shortfall
An attack on the two southern pipelines serving as Iraq's main export route for oil forced the suspension Wednesday of about 1.5 million barrels in daily Iraqi shipment...
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