"Essentially, the Russian oil industry is not showing signs of vigorous growth anywhere and there are no positive catalysts that might give sufficient support to next year's forecast."
- OPEC said in its latest monthly oil market report Wednesday. They expect production from non-OPEC countries to average 53 million b/d in 2007, up from a downwardly-revised figure of 51.16 million b/d for this year.
"Thanks to God, time is on Iran's side and with every passing day they (the great powers) are having to take a step backwards and recognize Iran's right while the Iranian people take a step forward to the summit of technology."
- President Mahmoud Ahmadinejad said Wednesday. He added that Iran would "resist to the end" on its nuclear program, after sparking fresh Western concern by revealing plans to massively ramp up sensitive atomic work.
Updated: 11/15/06