OPEC Agrees To 1.5MM Barrel Output Cut, But Fails To Obtain Critical Russian Backing
By Zero Hedge / May 20, 2003 / marketsanity.com / Article Link
Ministers from OPEC agreed on a large cut of 1.5 million barrels per day in the second quarter to support prices but made it conditional on Russia joining in, said two OPEC sources, who were cited by Reuters.