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Opec members to cut output
- Tuesday, October 10 - 2006 at 07:28
Oil prices climbed over $60 a barrel Monday as Opec's president called on members to cut output by 1m barrels a day, according to AFP. While Saudi Arabia, Iran and Venezuela are pushing for an emergency meeting to formalise an agreement, there will be will be no formal production cut at this stage, said a spokesman.
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James McInerney, News EditorTuesday, October 10 - 2006 at 07:28 UAE local time (GMT+4)
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This article was updated on Thu Jan 11 2007.
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