OPEC to Increase Oil Output Member states of the Organization of Petroleum Exporting Countries agree to boost oil output by 1.5 million barrels a day beginning in February. The production increase comes in the wake of ongoing strikes in Venezuela and fears of a possible war in Iraq. Eugen Freund reports.

OPEC to Increase Oil Output

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Member states of the Organization of Petroleum Exporting Countries agree to boost oil output by 1.5 million barrels a day beginning in February. The production increase comes in the wake of ongoing strikes in Venezuela and fears of a possible war in Iraq. Eugen Freund reports.