Independent journal on economy and transport policy
19:33 GMT+2
Opec set for cut in oil supply
(The Times)
January 16, 2001
By Martin Barrow
OIL producers are set to press ahead with a deep cut in crude supplies, reigniting concerns in the West about energy price inflation.
Determined to underpin the price of Opec oil at $25 a barrel, the cartel is expected to slice exports by about 1.5 million barrels daily, just over 5 per cent.
Ministers, gathering to meet tomorrow, fear that ...... Read more on The Times
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