OPEC to agree last week to cut production has sent the oil market into
turmoil... [leading to ] the lowest price for domestic crude oil since
June 1990."
a) Why were the members of OPEC trying to agree to cut
production?
b) Why do you suppose OPEC was unable to agree on cutting
production? Why did the oil market go into "turmoil" as a result?
c) The newspaper also noted OPEC's view "that producing nations
outside the organization, like Norway and Britain, should do their
share and cut production." What does the phrase "do their
share" suggest about OPEC's desired relationship with Norway
and Britain?