Whither Opec?

Platts Energy Bulletin, Quote of the Day (September 9, 2004):

“Everyone is producing whatever they can. We are actually working as if that was accepted.” – Algerian Energy minister Chakib Khelil said on the sidelines of the World Energy Congress in Sydney, saying OPEC was effectively running without a quota and intending to suggest at the Beirut meeting that OPEC do away with production quotas.