“Current conditions dictate that OPEC members, in looking at reserves and the fall in demand in recent months... apply a progressive reduction in their production during the first quarter.”
“Current conditions dictate that OPEC members, in looking at reserves and the fall in demand in recent months, apply a progressive reduction in their production during the first quarter.”
“OPEC should not postpone the issue of output reduction. Iran has called for carrying out discussions and making decisions for a one million bpd of oil output cut in the second quarter.”
