OPEC AND OIL PRICES
Oman Reduces Output by Further 50,000 b/d
According to Omani Information Minister 'Abd al-'Aziz alRawas, Oman has cutits oil output by a further 50,000 b/d and is currently producing 500,000 b/d.Mr. al-Rawas cited this figure at a press conference on 12 November in which hesaid that "the government's policy is consistent with the restoration ofoil prices to a fair level," which he put at $20-21/B. Following thereintroduction of quotas by OPEC on...