OPEC members meet in Vienna to discuss oil production cuts

By JPOST.COM STAFF, AP
October 24, 2008 05:45

Representatives of the Organization of Petroleum Exporting Countries (OPEC) were scheduled to meet in Vienna, Austria on Friday to discuss cutting output in order to stop oil prices from plunging lower. Iran and Libya are expected to demand a cut of two million oil barrels per day, while Venezuela will apparently propose a decrease of 1 million barrels per day. Oil prices swung back above $67 a barrel Thursday, rebounding from a 16-month low.


Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS

Israel Weather
  • 14 - 25
    Beer Sheva
    16 - 22
    Tel Aviv - Yafo
  • 12 - 21
    Jerusalem
    15 - 21
    Haifa
  • 19 - 36
    Elat
    17 - 28
    Tiberias