Brunei and Malaysia Ready to Cut Production 

According to Indonesia's Energy Minister, Dr. Subroto, non-OPEC Brunei has declared its readiness to cooperate with OPEC and has decided to cut its oil production by 30,000 b/d from 200,000 b/d to 170,000 b/d.

Speaking in Jakarta on 19 June, Dr. Subroto also noted that Malaysia had already announced that it was prepared to reduce its oil production by 10% to 459,000 b/d provided OPEC member countries also showed...