Independent journal on economy and transport policy
01:39 GMT+2
Opec mulls output cut
(BBC News)
November 14, 2001
A significant cut in oil output is expected to be announced on Wednesday as the member states of the Organisation of Petroleum Exporting Countries (Opec) meet in Vienna.
Opec output, September, million barrels per day
Saudi Arabia: 7.7
Iran: 3.6
Venezuela: 2.7
Iraq*: 2.6
Nigeria: 2.2
UAE: 2.1
Kuwait: 2
Libya: 1.3
Indonesia: 1.2
Algeria: 0.8
Qatar: 0.7* Excluded from Opec discussions
In recent weeks, individual Opec oil ministers have openly discussed a cut of up to 1.5 million barrels per day - roughly 6.5% of their current quota.
Their aim is to shore up oil prices, ...... Read more on BBC News
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