OPEC under fire for considering output cuts

A rising chorus of Western politicians has called for further production increases from oil exporting nations, notably the Organization of Petroleum Exporting Countries, as OPEC itself retrenched its option to cut output in anticipation of a spring supply glut.UK Energy Minister Helen Liddell, speaking at the International Energy Forum (IEF) in Riyadh, Saudi Arabia, last week said, "The only way to lower oil prices in a safe and sustainable way is to rebuild oil stocks, and that means increasing supply. But the only people who can make those decisions are the leaders of the major oil-producing countries."The UK energy minister's views reaffirmed comments made late the week before by ...

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