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17 September 2021 The on-line newspaper devoted to the world of transports 17:41 GMT+2



July 26, 2001

OPEC Plans Output Cut to Lift Prices

The Associated Press

LONDON - Moving quickly to buttress sagging crude oil prices, OPEC announced Wednesday it would cut output by 1 million barrels a day, or 4 percent of its official target level.

The news lifted the price of oil, with Brent crude for September delivery rising 33 cents to close at $25.25.

The decision by all 11 members of the Organization ......
Read more on International Herald Tribune



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