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(单词翻译:双击或拖选)
Oil prices began bouncing back Wednesday after members of the Organization of the Petroleum1 Exporting Countries agreed to a modest production cut of 500,000 barrels a day, during a meeting in Vienna. Lisa Bryant reports for VOA from Paris.
OPEC headquarters in Vienna, Austria (file photo)
In a marathon meeting lasting2 until early Wednesday, ministers from OPEC's 13 member states agreed to produce a limit of 28.8 million barrels a day. At a news conference, OPEC President Chakib Khelil translated that limit into real terms.
"I think, if you do your own calculation, probably it will be a lowering of production by about 520,000 barrels," he said."
Khelil says the decision takes effect immediately, with a 40-day time frame for it to be implemented3. To a certain extent, it comes as a surprise. Earlier indications suggested members might hold production steady, despite plummeting4 oil prices in recent months, partly because of a restrengthening dollar and tough economic times. They fell below $100 a barrel, Tuesday, for the first time since April.
Khelil suggests that trend might continue, despite OPEC's production cut.
"My hunch5 is probably the price will still be going down, despite the decisions that we're making," Khelil said. "So, I don't think this will affect the consumers in any way because, first of all, there is an over supply, everybody agrees with that
Analysts6 are divided over whether prices will continue to fall. Some suggest that more storms such as those that have battered7 the Caribbean and the United States could cause prices to rise.
1 petroleum | |
n.原油,石油 | |
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2 lasting | |
adj.永久的,永恒的;vbl.持续,维持 | |
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3 implemented | |
v.实现( implement的过去式和过去分词 );执行;贯彻;使生效 | |
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4 plummeting | |
v.垂直落下,骤然跌落( plummet的现在分词 ) | |
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5 hunch | |
n.预感,直觉 | |
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6 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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7 battered | |
adj.磨损的;v.连续猛击;磨损 | |
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