No 09



OPEC's Newest Production Cut: a Surprise or a Signal?

By A F Alhajji

The following article was written for MEES by A F Alhajji, associate professor, College of Business Administration, Ohio, Northern University. a-alhajji@onu.edu

In its 129th extraordinary meeting in Algiers on 10 February 2004, OPEC agreed to reduce its production ceiling by 1mn b/d effective 1 April 2004. It also asked its members to cut their excess production immediately and adhere to their...