OPEC won't rule out another production increase

www.dw-world.de   The organisation of oil exporting countries, OPEC, does not rule out another increase in production because of the threatening war against Iraq. The oil minister of Qatar and acting OPEC chairman, Abdallah ben Hamed el Attija, said in Doha, that all options are open. Despite the latest decision of the cartel to increase production quotas from next month, the oil price has kept rising on the London market. The minister said this is also partly due to the unstable situation in Venezuela. But he added that he expects the market to stabilise again in the months ahead. The next OPEC meeting will be at its Vienna headquarters on the 11th of March.