OPEC LOOKING TO CUT OIL PRODUCTION BY 2.5 MILLION BARRELS PER DAY
December 17th, 2008Via: Reuters:
OPEC ministers continued their meeting on Wednesday, with the possibility of an even bigger supply cut of 2.5 million barrels per day being agreed, OPEC delegates said.
“We want a big cut,” said one of the delegates. “And 2.5 is on the table and a possibility.”
OPEC ministers have been focusing on a reduction of about 2 million bpd.
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