Word: outputted
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Faced with falling prices, OPEC may crank back its oil output...
...meeting, one minister acknowledged, was rife with the kind of "speeches and hyperbole" that may bog down a full OPEC session this week. Nonetheless, the delegates reached at least a loose consensus that OPEC should trim back its output to match demand rather than cut its prices. "We are willing to make some sacrifices on production," said one OPEC diplomat, "but a change in price will not help anyone...
...benchmark Arab Light crude by $5 per bbl., to $29. Since then, energy conservation and sluggish world economic growth have helped push oil prices even lower, despite OPEC's self-imposed production limit of 17.5 million bbl. a day. Ministers hinted last week that they might reduce their output to about 16 million bbl. a day. By comparison, the group's daily production in 1979 was 32 million...
With the increased offensive output and the new coaching situation, the atmosphere has completely changed at Blodgett Pool...
Italy's giant complex for state ownership called the Institute for Industrial Reconstruction covers nearly half the country's manufacturing output-1,200 companies and 500,000 workers. But I.R.I, cannot control its top executives. At dawn one day last week in Rome, two former I.R.I, officials were arrested on charges of false financial disclosure and embezzling $125.4 million from state-owned companies...