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OPEC to make ‘wise cut' in output ‘not to affect economy': Kuwait

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VIENNA - Kuwait's Oil Minister Mohammad Al Olaimoil told reporters here on Friday that OPEC will cut crude output by a 'wise' amount so as "not to affect" the world economy which faces a recession.

Published: Fri 24 Oct 2008, 2:19 PM

Updated: Sun 5 Apr 2015, 2:25 PM

  • By
  • (AFP)

The Organization of Petroleum Exporting Countries is shortly to began an emergency meeting in Vienna. Analysts expect that the cartel will cut oil output by at least one million barrels per day as it bids to support plunging crude prices.



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