Saturday, February 14, 2009

Paper cuts

OPEC Members Carry Out 65% of Production Cuts So Far
"Members of the Organization of the Petroleum Exporting Countries (OPEC) have implemented nearly two-thirds of the production cuts of 4.2 million barrels per day (b/d) that they agreed to last September, an OPEC report showed Friday..."


Cutting production on paper is easy, the actual execution of the cuts seems to be difficult.

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