Sentence examples for opec pumping from inspiring English sources

The Saudis (front page, Aug. 29) should try disbanding OPEC, pumping oil and driving down the price.

The bigger problem, experts say, is the continued growth in global demand that continues to outpace supply, even with OPEC pumping close to capacity and U.S. refineries operating with very little slack.

Then there's the fact that Opec is pumping a little more than a 1m barrels a day above its stated 31.5m barrel quota.

Saudi Arabia and OPEC are pumping oil as fast as they can.

The excitement over the Sierra Leone operation had faded and a decision by Opec to pump more oil had had no impact.

That's because non-OPEC producers pumped more valuable light crude to counteract the effects of OPEC's cheating.

The differential between heavy crude and light, sulfur-free crude (that produced in the Middle East) narrowed this year to an average of $2.60 a barrel from a normal $4.50: Non-OPEC producers pumped more valuable light crude to counteract the effects of the OPEC cheating.

By last summer, OPEC was already pumping as much oil as it could, and markets were fearful that hurricanes in the Gulf of Mexico or a political storm in the Persian Gulf would lead to shortages.

It has happened only because Opec's previous "keep pumping" strategy, dictated by the Saudis, failed.

OPEC countries have been pumping far more than their official quotas to take advantage of current prices, but recent data show that such cheating has been trimmed.

The bigger issues are whether the United States will get into a shooting war with Iraq, which would probably send oil prices on an extraordinary roller coaster, and whether the major OPEC producers decide to increase pumping this summer.