Magreb

OPEC Set to Cut Output

TEHRAN (FNA)- The Organization of Petroleum Exporting Countries will on Friday announce it is cutting oil output to help lift crude prices that have dived 55 per cent since striking record highs in July, as a global economic slowdown slashes demand, analysts said.

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Swiss fear fall-out of Libyan row

The people of Switzerland face possible fuel shortages as a result of the ongoing diplomatic row with Libya. The arguments erupted this summer when a son of Libyan leader Muammar Gadaffi was arrested in Geneva, and charged with mistreating two domestic employees. Hannibal Gadaffi was released on bail. Libya threatened …

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