Posted on 11/10/2001 10:29:13 PM PST by kattracks
TEHRAN, Nov 11 (Reuters) - Iran's oil minister said in remarks broadcast on Sunday that all members of the Organisation of the Petroleum Exporting Countries (OPEC) had agreed on the need to cut oil supplies to create a balance in the market. "OPEC members all agreed that for creating a balance in the oil market, there is no other way than decreasing supply," Bijan Zanganeh told Iran's state radio. He gave no exact figures. OPEC powerhouse Saudi Arabia says there are no objections within the cartel to reducing output by 1.5 million barrels per day to shore up world oil prices. OPEC is due to hold a meeting in Vienna on Wednesday to discuss the widely expected production cut. ((Gulf newsroom, +971 4 391 8301, fax +971 4 391 8335, dubai.newsroom@reuters.com))
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You don't think Putin and Bush were discussing baseball last month, do you?
I guess this comes under the heading of "Neener, neener, neener."
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