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OPEC to cut output, says Qatari minister
- Middle East: Wednesday, December 03 - 2008 at 13:13
OPEC will cut oil output at its next meeting on Dec. 17 in Algeria, Qatar's oil minister told Reuters on Wednesday. Abdullah al-Attiyah did not specify how much the cut would be, but he reiterated that a price of under $70 a barrel was threatening to derail projects to boost oil and gas capacity. 'My concern is that the oil price will go lower,' he said. 'And many projects will be delayed.'
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Jeff Florian, Senior ReporterWednesday, December 03 - 2008 at 13:13 UAE local time (GMT+4)
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