Where are you getting that? This article says the exact opposite.
Opec pushes output to record level
By Carola Hoyos and Javier Blas in London
Published: August 13 2008 03:00 | Last updated: August 13 2008 03:00
"Opec pushed its oil production to the highest level in its 48-year history last month, even as demand was slipping in the US and Eur-ope, the International Energy Agency (IEA) said yesterday.
The combination of surplus supply and weaker demand has pushed oil prices to $113.50 a barrel, down 24 per cent in the last month and the lowest level since late April."
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