Production cuts affirmed at OPEC meeting

OPEC, Non-OPEC Production Pledges [55,746 bytes] The Organization of Petroleum Exporting Countries has agreed to cut total oil production by 1.7 million b/d beginning Apr. 1 and continuing for 1 year. Non-OPEC producers followed the OPEC agreement with a pledge by the governments of Mexico, Norway, Oman, and Russia to contribute combined cuts of 400,000 b/d. The latest pledges are in addition to a 2.6 million b/d ground-breaking production cut agreement between OPEC and some non-OPEC producers in June 1998 (OGJ, June 29, 1998, p. 28). The new agreement takes to about 5 million b/d the total production cutbacks promised by OPEC and non-OPEC producing count...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected