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Opec likely to make big cut
- Middle East: Tuesday, December 16 - 2008 at 08:10
Opec may make the biggest supply cut in a decade to curb falling crude prices as demand drops for the first time since 1983, Bloomberg has reported. The organisation is set to lower output by at least 2 million barrels a day, or 7.3%, when it meets today (December 16), according to 18 of 33 analysts surveyed by the news agency.
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Jeff Florian, Senior ReporterTuesday, December 16 - 2008 at 08:10 UAE local time (GMT+4)
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