Energy Report

Friday, December 15, 2006

OPEC plans to lower output 1.9%

OPEC plans to lower output 1.9%

By Bhushan Bahree

The Wall Street Journal Europe

15 Dec 2006



ABUJA, Nigeria—In a strong signal that it will try to prevent oil prices from sliding further, OPEC said it plans to slice its output by an additional 1.9% starting Feb. 1. The Organization of Petroleum Exporting Countries also accepted Angola, whose... read more...

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