41. Shell said the outlook for oil prices depends on whether members of the Organization of Petroleum Exporting Countries follow through on their June agreement to cut output. 42. Russia disappointed OPEC last year when the producer group asked it to cut output to shore up world oil prices. 43. Strength in oil stocks helped push the market slightly higher Monday morning as investors bet that OPEC would cut crude oil output to stabilize prices. 44. The protest is expected to further cut power output and worsen the energy crisis that already plagues the region. 45. The two ministers reiterated their call to non-OPEC producers to cut output to boost prices. 46. They have started climbing back on pledges by world oil producers to cut output. 47. They said they would cut output at that time if necessary. 48. They said they would cut output then if necessary. 49. Wall Street held mostly steady Monday, helped by buying in oil stocks on anticipation OPEC would cut crude oil output and prices would stabilize. 50. While most Gulf oil producers moved to cut output to boost world prices, Iraq said Monday it would go ahead with plans to boost production. |