The Globe and Mail reports in its Wednesday, Feb. 13, edition that the Organization of the Petroleum Exporting Countries said on Tuesday it had cut oil production steeply under a global supply deal. A Reuters dispatch to The Globe reports that OPEC said its oil output fell almost 800,000 barrels a day (b/d) in January to 30.81 million b/d. That is still slightly more than the demand OPEC expects for its crude, on average, in 2019. Worried by a drop in oil prices and rising supplies, OPEC and its allies, including Russia, agreed in December to make supply cuts. Under the deal, OPEC is lowering output by 800,000 b/d from Jan. 1. In the report, OPEC cut its forecast for 2019 world economic growth by 0.2 of a percentage point to 3.3 per cent, and highlighted a range of headwinds such as a slowdown in global trade. OPEC said in the report: "Some recent positive developments could support the global economy at its current level, including the recovery in oil prices, possible progress in United States-China trade negotiations and less-ambitious monetary tightening by the U.S. Federal Reserve. Nevertheless, this would not lift the global economy beyond the growth forecast."