2 million bpd of supply curbs did not work

DAVOS, Switzerland (Reuters) - OPEC will cut oil output further at its meeting in March if needed to balance the market, the group's secretary-general told Reuters at the World Economic Forum on Friday. Russia MexicoThe comments are a strong indication the Organization of the Petroleum Exporting Countries, source of a third of the world's oil, is willing to go further to stem oil's $100-a-barrel collapse since July last year."If the market is unbalanced, yes we will take measures to balance the market," OPEC's Abdullah al-Badri said. "We will do anything we can to balance the market."OPEC next meets to set supply policy on March 15 in Vienna. The group has agreed to cut production by 4.2 million barrels per day (bpd), about 5 percent of daily world demand, since September to prop up prices.Badri said he could not "put a number" on how deep any further supply reduction would be. That, together with the final decision on whether to cut, would be determined later."After February 15-16 when we will have all the information, we will decide," he said.Oil has slumped to about $42 from a record high of $147.27 as the global recession has eroded fuel use. The drop has hurt OPEC members, which depend on oil revenue.Badri said it was reasonable to expect OPEC countries, which have to spend on housing, health and infrastructure as well as investing in new oil and gas, to take more oil off the market."It is realistic .. because we cannot really sell oil with this kind of price.

We have to balance the market," he said."It's very important that they receive enough income."NON-OPEC HELPThe OPEC chief also said that OPEC would seek help from non-member producers, such as Russia, in lowering supply if OPEC's existing 4.2 million bpd of supply curbs did not work."If this 4.2 will not balance the market, I urge them to join us," he said, referring also to Mexico and Norway.OPEC is battling the sharpest downturn in oil demand in a generation. World consumption declined in 2008 and is expected to do so this year, the first two-year drop since the early 1980s.Some analysts believe oil use may never return to growth in the United States, now the world's largest consumer, and some other industrialized countries as conservation and alternative fuels take hold.Badri gave a cautious reaction when asked whether U.S. DENVER, CO, Jan 30 (MARKET WIRE) Today, DC Brands International, Inc. Theinitial attendees will include individuals who have by way of therelationship with Red Rocks Fitness, mentioned in a recent press release,Steve Hess and his Forza Fitness, as well as several other gyms andfitness centers.The company is fully committed to building an army of true believers.Attendees get free samples and a phenomenal education on general health;plus nutrition, fitness, workout and diet tips.

We had a great turn out and virtually 100 of theattendees stayed long after the seminar was over asking more questions andtouring the facility. Each attendee is committed to come back next weekwith 2 or more friends and relatives.The company's President and CEO Richard Pearce said, "We are completelyand totally committed to this as an ongoing strategy. Approvals are necessary for these chains and we haveworked diligently, jumping through all of the hoops. However, nothinggets a buyer's attention like customer demand. I can tell you that we arebeing very methodical about where we are sending this growing army oftrue believers."Pearce continues, "We know what accounts we are closest with and we justneed that little push to get over the edge. We can and will conduct these seminars for over 1,000 peopleright here in Denver in the next 45 days. We have booked over 40verifiable product requests in the past 24 hours at the stores we aretargeting first.

We will remain relentless in these efforts and the directeffect on sales is already being impacted here locally. We have anunbelievable set of great products and educating the public on them is thekey to closing a few of the major retailers we have been working with formonths. For instance, there is a leading health food grocer that is veryclose and they are being bombarded by requests. Next, we will be directingour attention to a major wholesale retailer that requires membershipcards We are committed to giving out five hundred $50 H.A.R.D. Nutritiongift certificates for seminar attendees that bring in their current orpurchase a new card at the membership warehouse and a product requestform for our products in the next 60 days."About DC Brands International:DC Brands International, a publicly traded company under the ticker symbol(PINKSHEETS: DCBR), presently specializes in and manufactures healthproducts. DC Brands is now proud to announce the release of their newH.A.R.D. Nutrition Functional Water Systems, which is set to revolutionizethe functional beverage category.For more information on DC Brands International, visit their website at Except for the historical information contained herein, this newsrelease contains forward-looking statements that involve substantial risksand uncertainties.