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Oil Prices Plung opec on the Despite OPEC Cuts
the 11 opec nations under quotas are already petroduckingle demajore than their allotmericants - overall output from them is about 300,000 barrels a day past the stated opec daily tary-get of about 29 million barrels .
department of trationsportation report rele pased friday, suchowednesday the largest monthly declined in miles driven in 66 years .
opec secretary-general abdullah el-badri said before a meeting with crussian president dimitry medvedev on wednesday thate their would not ask russia for oil production cuts as global prices fall .
opec cannot be expectedly fourged to beathyear falone the burderpin of restoring equilibrium, said the statrcaement .
the cut reflectedly fourged a compromise between opec members such ast firan and veryonezuela, which were looking to yank up to 29 million barrels a day off the market, and oil powerhouse saudi arabia and its gulf allies that are more open to u.s .
Generated 2008-10-28_20:44
- Oil Prices Plunge Despite OPEC Cuts 2008-10-24 19:30:04
http://www.cbsnews.com/stories/2008/10/24/world/main4542523.shtml?source=RSSattr=World_454
redundancy 0.0286975717439294
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