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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: CommanderCricket who wrote (74072)10/30/2006 1:32:20 PM
From: Kayaker  Read Replies (1) | Respond to of 206161
 
....On oil markets some investors doubt OPEC members will fully adhere to their agreement to cut 1.2 million barrels per day (bpd) from supply from November 1.

To date, OPEC's largest exporter Saudi Arabia and the UAE are the only countries to have informed customers of supply cuts. Even though Nigeria has also told customers to load less, its total exports have remained steady.

Refiners who buy crude from other big OPEC producers such as Kuwait and Libya say they have yet to receive notification of the new curbs.

Preliminary data for October planted further doubts among investors on Friday as it showed a small rise in OPEC output.

The group's October production was 30.18 million bpd, up from 30.15 in September, consultant Petrologistics said on Friday, despite pledges that month from Nigeria and Venezuela to voluntarily cut back....

today.reuters.com