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On 9/10/08, Hendra Susanto <[EMAIL PROTECTED]> wrote:
>
>    OPEC decides to curb overproduction
> Tuesday September 9, 9:52 pm ET
> OPEC oil ministers decide curb overproduction by more than 500,000 barrels
> a day VIENNA, Austria (AP) -- OPEC oil ministers have decided to curb
> overproduction by more than 500,000 barrels.
>
> The move is a compromise meant to avoid new turmoil in oil markets while at
> the same time reflecting OPEC attempts to prevent prices from falling too
> far. Crude prices have dropped nearly 30 percent since spiking to nearly
> $150 a barrel in July.
>
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>
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>  An
> OPEC statement issued after oil ministers ended their meeting early
> Wednesday said the organization agreed to produce 28.8 million barrels a
> day. OPEC President Chakib Khelil said that quota in effect meant that
> member countries agreed to cut back 520,000 barrels a day in overproduction.
>
> THIS IS A BREAKING NEWS UPDATE. Check back soon for further information.
> AP's earlier story is below.
>
> VIENNA, Austria (AP) -- OPEC oil ministers have decided to curb
> overproduction by more than 500,000 barrels.
>
> The move is a compromise meant to avoid new turmoil in oil markets while at
> the same time reflecting OPEC attempts to prevent prices from falling too
> far. Crude prices have dropped nearly 30 percent since spiking to nearly
> $150 a barrel in July.
>
> An OPEC statement issued after oil ministers ended their meeting early
> Wednesday said the organization agreed to produce 28.8 million barrels a
> day. OPEC President Chakib Khelil said that quota in effect meant that
> member countries agreed to cut back 530,000 barrels a day in overproduction.
>
> (This version CORRECTS overproduction curb to 520,000 barrels)
>
> 
>

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