OPEC's Crude Oil Production Cuts May Push Petrol, Diesel Prices Up

Abu Dhabi: Oil-exporting cartel OPEC is optimistic that production cuts agreed with non-members to prop up prices will lead to a recovery in the market, its chief said today. "We are optimistic that the policy measures we have taken already place us on the path of recovery," OPEC Secretary General Mohammad Sanusi Barkindo said at an energy forum in Abu Dhabi. OPEC members agreed in November to cut production by 1.2 million barrels p...