Minister: OPEC to Cut Crude Production

ALGIERS, Algeria - Algerian Energy Minister Chehib Khelil said Sunday that OPEC will announce a 1 million barrel a day cut in crude production.

"All the countries are in agreement to contribute to reduce OPEC production by 1 million barrels and we will make our official announcement at our next meeting in Doha, (Qatar), from Oct 18-21," Khelil told reporters outside the Algerian parliament in the capital, Algiers.

The dates Khelil mentioned did not appear to be consistent with those announced by Levi Ajuonuma, the senior spokesman for Nigeria's state-owned oil company, who said the Doha meeting is a one-day event that will take place on Thursday, Oct. 19.

Another …