| 09.12.2008 - OPEC may cut crude output by 2 million barrels |
| From Commodityonline.com: Buckling under the continuiling global economic meltdown pressure, will OPEC cut crude oil output further? It looks so, if OPEC President Chakib Khelil is to be believed. Khelil says oil markets should prepare for a "surprise" output cut after the organization's Algeria meeting. He said a consensus has formed for a significant reduction of production levels by the 14-member Organization of Petroleum Exporting Countries..... Full Article: Source |