Independent journal on economy and transport policy
13:31 GMT+1
OPEC Reported in Agreement to Cut Oil Production by 5%
(The New York Times)
January 17, 2001
By Neela Banerjee
VIENNA, Jan. 16 - The Organization of the Petroleum Exporting Countries is expected to announce a decision on Wednesday to reduce production by more than 5 percent in hopes of propping up world oil prices, key officials of the cartel indicated.
OPEC's leaders will convene here to issue a formal decision, but oil ministers from several member ...... Read more on The New York Times
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