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(单词翻译:双击或拖选)
By Marlene Smith
Vienna
08 March 2006
The Organization of Petroleum1 Exporting Countries (OPEC) has decided2 to hold its output steady. The decision comes amid new threats from cartel member Iran to cut supplies.
An Iraqi worker operates a valve at the oil pipeline3 near southern Iraqi city of Basra (File photo)
OPEC ministers decided to play safe at their regular meeting in Vienna, aware that on the other side of the Danube a crucial debate on Iran's nuclear program could force a change. Despite record prices of around $60 per barrel, OPEC is keeping official output to 28 million barrels per day. Oil analyst4, Ehsan Ul-Haq of P.V.M. Oil Associates in Vienna says the cartel is faced with several uncertainties5 which make forecasts difficult.
"Because of geo-political considerations. In Nigeria more than 450,000 barrels per day of production is offline," he said. "In Ecuador there are problems regarding oil production. Nobody knows for certain what will happen in Iran."
Iran has threatened to use oil as a weapon if the IAEA refers its atomic program to the U.N. Security Council for possible sanctions.
Nigeria is the world's eighth largest oil supplier and has suffered outages this year because of rebel attacks.
Instability in Iraq is also a factor OPEC must consider. Experts say world oil demand should slow in the second quarter with warmer weather in the northern hemisphere and any cut now would be counter-productive. OPEC says it is committed to providing the market with oil at reasonable prices.
1 petroleum | |
n.原油,石油 | |
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2 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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3 pipeline | |
n.管道,管线 | |
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4 analyst | |
n.分析家,化验员;心理分析学家 | |
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5 uncertainties | |
无把握( uncertainty的名词复数 ); 不确定; 变化不定; 无把握、不确定的事物 | |
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