Mitch
2008-03-20 02:09:02
“Opec member the United Arab Emirates is pumping at full tilt at around 2.5 million barrels per day (bpd) of crude and is powerless to bring down record oil prices, the head of the state oil company said.
‘Nothing can be done,’ Adnoc chief executive Yousef Omair bin Yousef told reporters on the sidelines of an energy event.
‘This is the market situation. We are doing our best to induce stability.’”
What’s this all about then?
