OPEC Set To Cut Output

OPEC Secretary-General Ali Rodriguez said the cartel could cut up to an additional one million barrels a day from its production in March, after OPEC ministers agreed Wednesday to a 1.5 million barrel-a-day reduction. "On March 16, we have a new meeting, and if it is necessary we will make a decision to cut up to a further 1 million barrels," Rodriguez, a former Venezuelan oil minister, said. - (Reuters)