ASSESSMENTS

OPEC and Falling Oil Prices

Jan 5, 2009 | 16:00 GMT

ALI YUSSEF/AFP/Getty Images

Summary

The Organization of the Petroleum Exporting Countries (OPEC) is struggling to make big cuts to its oil production in order to stop the fall of global oil prices. But the cartel is moving slowly, and the drop in prices will worsen many members' financial woes.

OPEC's bid to cut supply to help stem falling oil prices faces many challenges....

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