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03 December 2008 The on-line newspaper devoted to the world of transports 06:21 GMT+1



January 16, 2001

Opec set for cut in oil supply

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 ......
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