Independent journal on economy and transport policy
01:44 GMT+2
OPEC to reduce production if oil price drops
(China Daily)
April 4, 2001
The Organization of Petroleum Exporting Countries (OPEC) will cut production by 500,000 barrels per day if the price of crude drops below 22 US dollars per barrel, warned Venezuelan Minister of Energy and Mining Alvaro Silva on Tuesday.
Under a decision made in Vienna on March 17, OPEC started a production cut of one million barrels of oil per day on Sunday, ...... Read more on China Daily
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