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Saudi official predicts OPEC cut will be 2 million barrels a day

Saudi Oil Minister Ali Naimi said Tuesday that the oil production cuts anticipated from OPEC will likely be set at 2 million barrels a day. Facing a shortfall of revenue in their countries, OPEC leaders will try to get member nations to agree to a significant enough cutback to shock the market without driving their economies down further.

Houston Chronicle | 12/16

This story published in AGC SmartBrief on 12/17/2008

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