Independent journal on economy and transport policy
01:38 GMT+2
Opec slashes oil production
(BBC News)
March 23, 1999
Ministers from oil producing countries have agreed to cut global production by 7% to bolster depressed oil prices.
The members of the Organisation of Petroleum Exporting Countries (Opec) and others meeting in Vienna have agreed to a reduction in output of 2.1m barrels a day until April next year.
Cuts among Opec nations will amount to 1.7m while non-Opec ...... Read more on BBC News
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