11. And the price of oil has held firmer than some analysts had predicted in the spring, giving the cheaters little incentive to slash output. 12. And the price has held firmer than some bearish analysts had predicted, giving the aggressive producers little incentive to slash output. 13. Oil futures were modestly higher in London even though OPEC gave out no immediate confirmation of how sharply it plans to slash crude output. 14. The United Arab Emirates and its OPEC partners agreed to slash output in January only after five major independent producers pledged to make reciprocal cuts. 15. If the trends continue unchanged, pollution will take a heavy toll on economic development in countries in the region and will slash food output, the report adds. 16. Indian automobile manufacturers are slashing output or delaying plans to launch new models due to a glut in the passenger car market, industry officials said. 17. OPEC is due to take a final decision to slash output in Cairo. |