1. Although Exxon chairman Lee Raymond heads a much stronger and bigger company than Mobil, he has not been immune to the strains on the global petroleum business. 2. However, Rodriguez noted that output from non-OPEC oil producers is rising and global petroleum inventories are high. 3. However, Rodriguez noted that output from non-OPEC producers is rising and global petroleum inventories are high. 4. It also said that the fall in global petroleum prices has reduced inflationary pressures. 5. Saudi Arabia tossed a wild card into the global petroleum market Wednesday by changing oil ministers for only the second time in three decades. 6. The deal, and the earlier production cutbacks, highlight a new partnership that conceivably could change the face of global petroleum politics. 7. The latest OPEC deal, and the earlier production cutbacks, highlight a new partnership that conceivably could change the face of global petroleum politics. |