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Industry observers may be leading OPEC to cut production in advance of a supply glut

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    OPEC typically formulates its production policy in response to recent events. But oil industry observers believe the organization may venture into new territory later this year by making a preemptive reduction in output quotas.

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    Posted by Jennifer Delay Iacullo
    Jennifer DeLay Iacullo is a freelance writer specializing in global oil, gas, and power engineering topics. She has covered the energy industry of the former Soviet Union, China, Africa, Latin America and North America for more than 20 years. She lives in Atlanta with her family.