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OPEC slashes oil output, triggering Western furyVIENNA (AFP) - OPEC said Friday it will slash oil output by 1.5 million barrels a day from November 1 as it seeks to shore up crude prices, triggering a verbal backlash from recession-threatened Britain and the United States. ... |
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OPEC cuts output by 1.5 million barrels per day - SummaryVienna - Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) decided Friday in Vienna to cut their total production by 1.5 million barrels per day, in reaction to falling prices and slowing demand. There is an oversupply,... ... |
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OPEC slashes oil output, triggering Western backlashVIENNA (AFP) - OPEC said Friday it will slash oil output by 1.5 million barrels a day from November 1 as it seeks to shore up crude prices, triggering a verbal backlash from recession-threatened Britain and the United States. ... |
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OPEC Cuts Output After Meeting To Keep Oil Prices UpVIENNA, Austria — OPEC said Friday it will slash oil production by 1.5 million barrels a day to stop tumbling crude prices, but the cost for a barrel of crude plummeted 7 percent to prices last seen in June of 2007. Demand for crude has evaporated amid a global economic spiral, and the supply lev ... |
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Opec cuts production to head off oil price collapseOpec today pledged to cut oil production by 1.5m barrels a day in a bid to prop up the plunging oil price.Announcing the cut, the cartel of 13 oil-producing nations said prices had fallen on an unprecedented scale in recent months. It hopes by choking off supply it can put a floor under the price an ... |
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