No 07



OPEC Plans To Rein In Leakage In March, Cut Ceiling By 1Mn B/D In Second Quarter

Walid Khadduri and Bill Farren-Price report from Algiers.

OPEC ministers agreed on 10 February to rein in oil production in March over and above the organizations present 24.5mn b/d ceiling and thereafter institute a 1mn b/d quota cut, to be distributed among member countries on a pro rata basis from 1 April. MEES learns that major OPEC producers are set to inform their customers...