to deliver the oil at a later date. (Reuters) December 19: U.S. Secretary of State Colin Powell declares that Iraq is in "material breach" of United Nations resolutions after reviewing Iraq's weapons of mass destruction declaration released December 7 to the United Nations. States Powell: "Our [U.S.] experts have found it to be anything but currently accurate, full or complete. The Iraqi declaration ... totally fails to meet the resolution's requirements." (Reuters) December 28: A tanker with of gasoline arrives in Venezuela from Brazil, providing crucial supplies to the country, as the strike by employees of state oil company PdVSA has meant severe reductions in refinery runs in that country. Crude oil production, that was in excess of before the strike, is less than for many days in December. (WSJ) Sources Energy Information Administration: Chronology of World Oil Market Events Commodity Research Bureau. The CRB Commodity Yearbook 2002, 2002. Other sources include: Associated Press (AP), Dow Jones (DJ), Los Angeles Times (LAT), The New York Times (NYT), Oil Daily (OD), USA Today (USAT), The Wall Street Journal (WSJ), The Washington Post (WP), World Markets Research Center (WMRC). |- | width="30%" align="center" | Previous year:2001 world oil market chronology | width="40%" align="center" | This article is part of theChronology of world oil market events (1970-2005) | width="30%" align="center" | Following year:2003 world oil market chronology |- Oil market timelines World oil market chronology World Oil Market Chronology, 2002