1. For now, that pressure may be offset by output cuts. 2. Naimi and other ministers declined to specify how deep the output cuts would be. 3. Such cold could cause output cuts and reduce pipeline flows, as reported yesterday by Tennessee Gas Pipeline and Columbia Gulf Transmission Co. 4. While the amount of output cut so far has been small, traders are growing concerned that the disruptions may mount amid lingering cold weather in those areas. 5. OPEC oil ministers continued speaking about the need for an output cut Tuesday. 6. OPEC Secretary-General Rilwanu Lukman said an output cut might be needed if oil prices fall over the next six months. 7. Analysts said they will monitor statements from the ministers for indications of the magnitude of the output cuts. 8. At a press conference, Tellez said, however, that Mexico has no plans to revise its agreed crude output cuts despite higher oil prices in recent weeks. 9. Chavez recently toured Europe, the Middle East, Russia and Canada seeking support for output cuts. 10. Crude and other products futures ended higher Monday at the New York Mercantile Exchange, supported by wintry weather and talk of output cuts. |