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24.10.2008, 14:21

OPEC cuts oil production in attempt to halt price slump

The Organisation of Petroleum Exporting Countries (OPEC) has decided to cut production by 1.5 million barrels a day at a meeting in Vienna. The cut is intended to halt the collapse in crude prices, which has left them more than 50 per cent lower than thei

Energy week sees focus on investment in gas production

Published: 23 October, 2008, 06:04


Stronger together – the message from the first day of Energy Week in Moscow. Representatives of OPEC are talking to Russia's government about the organisation's efforts to support the oil price, possibly by cutting production. It comes as gas p

 
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