10 February 2004, 17:10 OPEC agrees one mbpb output cut from April - delegate
ALGIERS, Feb 10 - OPEC has agreed in principle to cut oil output by one million barrels a day, effective from April, an OPEC delegate told .
The decision was taken by OPEC ministers during a closed session to address concerns about a fall in seasonal fuel demand in the second quarter of the year.
OPEC has already scheduled a meeting for March 31 at which it may review the decision.//www.reuters.com
© 1999-2024 Forex EuroClub
All rights reserved