VOA标准英语10月-OPEC Output Cuts Roil Stock Markets
时间:2019-01-13 作者:英语课 分类:VOA标准英语2008年(十月)
OPEC hopes that by cutting output it can put a break on diving oil prices that have been dramatic in recent weeks. Crude oil is selling for 50 percent less than earlier in the year.
OPEC President Chakib Khelil (L) and OPEC secretary general Abdalla Salem El-Badri (R) at a press conference after an OPEC meeting in Vienna, 24 Oct 2008
The decision to cut output came during an emergency meeting in Vienna. Speaking to reporters afterwards, OPEC's president, Algerian oil minister Chakib Khelil, blamed the low oil prices on a drop in demand and on the current financial crisis.
"There are companies that are not able to pay for the oil," he said. "So it's not the effect on the financial market, it's the effect of the financial market on the supply. If your buyers are not going to be able to get credits from the banks, they are not going to be able to even buy the crude."
Khelil said OPEC may meet again before the cartel's planned gathering 1 in Algeria in December and it may cut prices yet again before the year is out. At the moment, OPEC is actually producing beyond its quota 2 of 29 million barrels a day. If it meets its quota and the planned cuts take place it would end up pumping about 1.8 million fewer barrels of oil a day.
Any hopes of an immediate 3 reaction on the world financial markets were dashed. Stock markets plummeted 4 Friday, as fears of recession continue to spread.
- He called on Mr. White to speak at the gathering.他请怀特先生在集会上讲话。
- He is on the wing gathering material for his novels.他正忙于为他的小说收集资料。
- A restricted import quota was set for meat products.肉类产品设定了进口配额。
- He overfulfilled his production quota for two months running.他一连两个月超额完成生产指标。
- His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
- We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。