Opec ponders when to cut oil output in effort to boost price

  • 08/09/2008

  • Financial Times (London)

For nearly two years the Opec oil cartel has watched oil prices rise with a mixture of delight and foreboding. The group that controls about 40 per cent of the world's output, but which has struggled to produce enough oil to keep up with demand, will this year earn $1,000bn (