OPEC to slash output
Vienna:
The Organisation of Petroleum Exporting Countries (OPEC) is set to
slash oil output by up to 1.5 million barrels per day (bpd) this
week to boost slumping prices.
The 11-member group, which produces 40 per cent of the world's
oil, received a much-needed boost prior to its Wednesday meeting
when Russia announced plans to cut oil exports to stabilise
prices.
Crude prices, which have slumped to two-year lows below $20 a
barrel amid growing global recession fears since the September 11
terror attacks, rebounded at the end of the week, notably on the
Russian announcement.
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India
has hydrogen bomb: Kalam
New
Delhi: Top scientist A.P.J. Abdul Kalam on Sunday said India
possessed a hydrogen bomb and its nuclear weapons were
"absolutely safe".
"Scientists and technicians who conducted the Pokhran II
tests in 1999 are all satisfied with the results and we have a
thermo-nuclear device," Kalam, regarded father of India's
missile systems, said here.
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