Thursday, December 18, 2008

OPEC grees to deep production cuts


OPEC grees to deep production cuts
18-12-2008

Saudi Arabia says energy ministers from the oil producers' group OPEC have agreed deep cuts in production. The Saudi minister, Ali al-Nuaimi, is quoted as saying that OPEC agreed at a meeting in Algeria to cut oil output by a record two million barrels a day.

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