The World - News from Oct. 5, 1986
OPEC ministers began informal meeting in Geneva in advance of their fifth conference this year on how to boost prices through production cuts in the face of a world oil glut. Last summer, the 13-member Organization of Petroleum Exporting Countries agreed to cut production to about 17 million barrels a day from 20 million, lifting prices a few dollars a bartrel. There have been reports that some members have cheated on permitted output levels, and the meeting will decide whether to extend or modify the arrangement.
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