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| Algeria to cut oil output by 25,000 bpd |
| 2007-01-07 |
| Algeria will reduce oil output by 25,000 barrels per day (bpd) from Feb 1 in compliance with OPEC's latest production cut, Energy and Mines Minister Chakib Khelil said on Saturday. |
| Posted by:Fred |
| #3 Gas will prolly go up at least a dollar a gallon in Cinti for this. |
| Posted by: bigjim-ky 2007-01-07 14:55 |
| #2 It means the price of a bbl will go up by 44 cents and 25,000 bbls will be off the book and available for the folks that count. |
| Posted by: Shipman 2007-01-07 10:33 |
| #1 I don't know what this means. 25k barrels does not sound like much to me. |
| Posted by: Excalibur 2007-01-07 09:49 |