OPEC Pres: Unaware of Any Deal to Cut Output

OPEC President Edmund Daukoru Thursday dismissed reports of an unofficial deal to cut crude oil supplies to halt falling oil prices and said he was “unaware” that any agreement had been reached.

“I’m totally unaware of this,” Daukoru told Dow Jones Newswires. “Of course the recent price fall is a shared concern, but consultations (with other OPEC members) are still continuing,” he added.