1. The department set new sales quotas in January. 2. Note, users must log out and log in again for the new quotas to take effect. 3. Saudi Arabia, the United Arab Emirates and Libya told oil companies earlier that they were making cuts to comply with new quotas. 4. The commission and other member states want to be certain Italian farmers will respect the new quotas after overproducing for years. 5. Actual OPEC production will likely be even higher because some countries already are exceeding the new quotas. 6. Each government must approve its new quota. 7. Even if the new quotas are respected, oil experts doubt they will have much impact on the market before February at the earliest. 8. In an interview with reporters yesterday, Clinton offers his support to a proposal to lower immigration quotas new being considered in Congress. 9. In London, traders expected prices to fall even though many had expected the new OPEC quota to be around the level announced Saturday in Jakarta. 10. Many OPEC members have been producing more crude oil than their quotas allow and traders said some may ignore the new quotas, as well. |