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Opec committed to cuts
- Thursday, November 09 - 2006 at 09:05
GCC oil producers have dismissed a US government report that Opec will only implement 60% of its planned supply cuts, claiming that all members are committed, according to Reuters. Saudi Arabia and other Gulf Opec members have also said that further cuts are possible when the cartel next meets on 14 December, noting high US fuel stocks as a sign of oversupply.
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James McInerney, News EditorThursday, November 09 - 2006 at 09:05 UAE local time (GMT+4)
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This article was updated on Wed Mar 14 2007.
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