World's Energy

03.06.2008 [Neftegaz.RU] - OPEC reacted on George Bush's claim that OPEC hurts U.S. economy, accusing the United States of economic "mismanagement" that it said is pushing oil prices to new record highs and rebuffed calls to boost output, laying the blame on the Bush administration. The 13-nation Organization of Petroleum Exporting Countries said it would maintain current production levels because crude supplies are plentiful and demand is expected to weaken in the second quarter.