Read more Ali Naimi stories on Newserhttp://www.newser.com/taggrid/34469/ali-naimi.htmlhttp://img1-cdn.newser.com/images/newser-black250x40.gifhttp://www.newser.com/2012 - Newseren-usNewser Feed GeneratorFri, 25 May 2012 20:02:18 CDThttp://www.newser.com/story/37045/opec-cuts-oil-production.htmlPeter Fearon<img src='http://img2-cdn.newser.com/getimage.aspx?mediaid=134601&width=45&height=45&crop=Y&updateddate=20110401003831' border='0' />The international oil cartel OPEC announced today it's reducing production by more than half a million barrels a day, the Financial Times reports. The decision by the cartel, which controls 40% of world oil production, stunned most analysts. The move comes as oil prices, after spiking to an all-time high...Ministers of the Organization of the Petroleum Exporting countries gather at the OPEC's headquarters in Vienna, Austria.http://www.newser.com/story/37045/opec-cuts-oil-production.htmlWed, 10 Sep 2008 02:23:54 CDT