VOL. XLIV

No. 03

15-January-2001

OPEC

OPEC Starts Tricky Process Of Production Cutbacks

Once again, OPEC finds itself forced to embark on the tricky process of output cutbacks in order to achieve its price objectives. The first move in this direction will take place at OPECs 17 January extraordinary ministerial meeting in Vienna, which is expected to endorse a recommendation widely agreed upon in the pre-conference consultations to reduce production by approximately 1.5mn b/d as of 1 February, or...