OPEC AND OIL PRICES
Egypt Willing to Cut Oil Output to Help Stabilize Market
Egypt is willing to cut its crude oil production from current levels tohelp OPEC stabilize the volatile world market, Egyptian Oil Minister Abd El-HadyKandil said on 26 January.
In a statement released by his office, Mr. Kandil said that if all the OPECmember countries observed their present quota ceilings, prices would rise to anaverage of $18/B. "In addition to measures already taken to...
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