RealNews

OPEC has more to consider than output

OPEC has more to consider at its emergency meeting here than whether to formalize a 1 million barrel per day output cut that has been rumored for almost two weeks. How to divvy up the cut, if it is agreed upon, will be at the top of the agenda, with the opinion of No. 1 producer Saudi Arabia carrying the most weight. The goal of such a move would be to stem the recent 25 percent decline in oil prices, though energy traders will have the final say in assessing the market’s supply-demand balance. Full Story

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