27.11.2008 - OPEC likely to debate, not decide another supply cut

From Guardian: OPEC ministers will debate a deep cut in oil supply when they meet this weekend in Cairo for urgent talks aimed at arresting a downward price spiral that sucked oil below $50 a barrel. They have downplayed the prospect of any decision until a policy-setting meeting in Algeria on Dec. 17, but OPEC needs to send a strong signal of its intention to remove more supply or the risk is oil prices will hurtle lower still..... Full Article: Source

Print