Page added on September 15, 2006
The US strategic reserve is the highest in two years and some oil-producing countries, including Iran, are facing difficulties in marketing their oil products. Moreover, the Organisation of Petroleum Exporting Countries (OPEC) agreed last week to keep pumping at the high level of 28 million barrels per day until the end of this year.
This must have come as good news for the hawks of the Bush administration, who have been lobbying hard for attacking Iran.
Gulf News
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