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OPEC to Clamp Down on Oil Production

By Jack Speer

Published February 9, 2004 at 11:00 PM CST

OPEC oil ministers meeting in Algeria pledge to cut oil production by 1 million barrels a day beginning in April. More immediately, OPEC seeks to end the so-called "cheating," or overproduction, in which member states currently surpass production quotas. Analysts estimate that practice adds as much as 1.5 million barrels a day to current limits. NPR's Jack Speer reports.