The president of OPEC, Abdullah al-Attiyah, on 12 December said that the organisation may reduce its output ceiling during its extraordinary February meeting to avoid producing a forecasted 2.5 million barrels a day surplus in the second quarter of 2004. 'What we are concerned about is the second quarter - We said that we would discuss it very carefully in Algeria and then we can take a decision,' he said to reporters at the Organisation of Arab Petroleum Exporting Countries (OAPEC). 'Maybe a cut is one of them.'