[originaltext] OPEC has decided this was not the time for cutting petroleum

OPEC has decided this was not the time for cutting petroleum output. Energy ministers here didn’t have the stomach to cut back production at a time when crude oil prices were reaching historic highs on the international exchanges. It was feared that cuts in the output would send prices even higher and reduce global economic growth. While nobody here seems surprised about oil output levels’ remaining the same, President Hugo Chavez of Venezuela managed to raise a few eyebrows among delegates when he held a highly politicized speech calling on OPEC to be an anti-imperialist organization. He went on to describe Ilich Ramirez Sanchez, the jailed Marxist fighter, as a good friend. Venezuelan-bom Ramirez, better known as Carlos the slave, led a terror attack against OPEC’s Vienna headquarters in 1975.
3 What did OPEC decide to do?
4 What was the purpose of Hugo Chavez’s speech?