Chavez Calls for Cut In Oil Production

Venezuelan President Hugo Chavez is pushing for an cut in oil production as he hosts an OPEC meeting this week, but he appears to be a lone voice as other members of the cartel will probably want to keep output unchanged to temper soaring prices.

Analysts say the Organization of Petroleum Exporting Countries is likely to avoid being seen as trying to drive up prices any further, when there are already mounting fears of disruptions to the oil supply.