No. 02

8 January 2001


OPEC Reaches Consensus On Need To Cut Output At 17 January Extraordinary Meeting

A consensus has emerged among OPEC states that when oil ministers meet in extraordinarysession in Vienna on 17 January they should agree on a production cut to stop any further slide in crude prices. The exact size of the cut is the subject of ongoing deliberations that will continue when the ministers gather in the Austrian capital. In deciding on how much to cut, OPEC members...