Word: outputted
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...agreed to a 10% production cut along with a price freeze in the range of $36 to $41 per bbl. until January, the agreement had no practical effect. Neither Saudi Arabia, OPEC's largest single producer, which accounts for more than 40% of the group's daily output, nor Iran and Iraq, two of the other major suppliers, agreed to the production-cutting provision. All the cuts will have to be carried out by the smaller producers, which are more in need of their oil income and thus less likely to fulfill their promises to reduce output...
...cartel's hard-liners argued equally insistently that the Saudis had to help tighten the market by cutting production and raising prices. For the past eight months Saudi output has crested at 10.3 million bbl. daily, or about 2 million bbl. more than the desert kingdom produced three years ago. This is a key reason why worldwide petroleum inventories are now bursting with some 2 million bbl. daily in excess crude oil output...
...flow of calcium ions into the muscle cells. Because of this, drugs that inhibit the flow of calcium ions have attracted intense interest. Declares Boston's Braunwald: "Calcium blockers are not just another class of drugs that has come along. They lower blood pressure, they raise cardiac output in heart failure, they are effective in arrhythmias. They are also useful for angina. They're almost too good to be true...
...Output of goods and services in the first quarter rose at a sizzling 6.5% annual rate, and worker productivity, which had been sagging alarmingly for more than a year, registered a surprisingly robust 3.9% rate of gain...
...Saudis could tighten up world oil supplies at a stroke by simply cutting back on their "excess" production. But the desert kingdom, for now at least, is holding output high and depressing prices, ostensibly to force other OPEC members to support a Saudi plan to link the price of oil to inflation and the value of key world currencies. Such a pricing formula would bring about a moderate but steady long-term rise in petroleum prices...