OPEC

Malaysia and Brunei Announce Production Cutbacks in 1985

Malaysia and Brunei have joined the ranks of non-OPEC producers who are cutting back production in order to help stabilize the market. According to an announcement by the Malaysian Finance Minister, Mr. Daim Zainuddin, in Kuala Lumpur on 26 December, "as a mark of solidarity with OPEC, the government has now decided to reduce crude oil production by 40,000 b/d in 1985 compared to the earlier projected level of production...