17.10.2008 - Opec hawks want to cut oil production to keep up price
From Times Online: Opec’s mettle will be tested next week when the cartel assembles in Vienna at a hastily convened meeting to discuss the economic crisis and whether the exporters’ club should take action to arrest the fall in the price of crude oil. Mounting alarm over the dwindling rent from oil sales prompted Opec yesterday to bring forward an emergency meeting scheduled for mid-November to next Friday. Together the cartel members have lost about a billion dollars of revenue a day since crude price peaked in July..... Full Article: Source
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