Opec not to increase output Because Oil Supplies Are Adequate

MARCH 13: The Organisation of Petroleum Exporting Countries won’t increase oil output to ease high prices because world markets are already adequately supplied, Opec President Sheikh Ahmad Fahd al-Ahmad al-Sabah said.

Right, so OPECs big move to 'cool prices' as noted in the previous post is to continue doing exactly what they've been doing all along -- pumping plenty of oil.