Singapore, July 23 (BridgeNews) - The Organization of Petroleum Exporting Countries (OPEC) is seriously discussing cutting oil production by 750,000-1 million barrels per day (bpd), the Middle East Economic Survey (MEES) reported in its Monday's issue. A decision will be made this week, especially if prices continue to fall and the OPEC Basket price remains around the U.S. $22.00-bpd mark, the report said.