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01 October 2020 The on-line newspaper devoted to the world of transports 15:14 GMT+2

December 27, 2001

OPEC to Announce 1.5-Million-Barrel Cuts Friday

CAIRO Saudi Oil Minister Ali al-Naimi said on Wednesday that OPEC oil producers would this week announce an output cut of 1.5 million barrels per day in a bid to shore up flagging crude prices amid a global economic downturn.

Asked if the ministers from the Organization of the Petroleum Exporting Countries would announce the reductions at an emergency meeting in Cairo on Friday, Naimi told Reuters: "Yes, we will." ......
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