| 05.02.2009 - OPEC ready to cut more oil to defend price |
| From Reuters: OPEC stands ready to cut yet more oil output at a meeting next month, its fourth reduction since September, to revive prices battered by the first demand drop in more than 20 years. A cut of around 1 million barrels per day (bpd) could be discussed by the organisation's ministers at their March 15 meeting in Vienna, an OPEC source said..... Full Article: Source |