Financial Times FT.com

Dark art of assessing oil production cuts

By Carola Hoyos in Cairo and Javier Blas in London

Published: November 28 2008 02:00 | Last updated: November 28 2008 02:00

When the Opec oil cartel meets in Cairo tomorrow, some of its most powerful members will argue that the key action the group must take is to keep strictly to the 1.5m barrel a day cuts that it has already announced.

Verifying whether Opec's countries do just that is far from simple. Knowing how much each country produces is mired in politically motivated dishonesty, secrecy and, in many cases, incompetence.

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