LONDON, Aug 18: The Organisation of Petroleum Exporting Countries may decide to cut the cartel’s oil output quota as the price of crude risks falling under $100 a barrel, energy consultancy CGES said on Monday.

“The worsening economic outlook suggests that oil prices have further to fall, but Opec, whose members are due to meet in early September, may act to prevent them from falling too far,” the Centre for Global Energy Studies said in its latest monthly report.

“There is a danger, though, that the organisation will over-react, cut its production too sharply and send oil prices back up,” added the London-based consultancy.

World oil prices rose on Monday as traders fretted about the potential impact of Tropical Storm Fay on energy facilities in the Gulf of Mexico.—AFP