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OPEC Might Reduce Oil Production |
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The Organization of Petroleum Exporting Countries (OPEC) might decrease
the crude oil output following the high demand brought on by the onset
of winter in the Northern Hemisphere. The organization could go for a
reduction in the second quarter of 2006, it was announced.
OPEC President and Kuwait Oil Minister Sheikh Ahmed al-Fahd al-Sabah
during a visit to China, predicted an output cut; however, in the first
quarter of the new year, no change should be anticipated the minister
said. |
