OPEC to maintain, possibly reduce output

08/18/2008 | MarketWatch

An OPEC official announced that the 13-country organization is considering maintaining oil-production levels and possibly trimming them to bolster falling prices and defend market share. The comments came one day after OPEC said higher prices and a poor economic climate in most developed nations have curbed oil demand. OPEC will meet Sept. 9 to discuss production policy.

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