February 10, 2004

Energy ministers gathering in Algiers for meeting of OPEC meetings say stricter adherence to their current production quotas is needed to avoid sharp decline in price of oil this spring, signaling that formal output cuts could probably wait until March; Chakib Khelil, Algeria's oil minister, says members are exceeding group's quota of 24.5 million barrels per day by about 1.75 million barrels in extra daily production; revenue from international sales by OPEC surged nearly 25 percent in 2003, to $247 billion from $199 billion previous year, as oil prices climbed to their highest annual average level in two decades; windfall has made it difficult for OPEC members to adhere to their own quotas; crude oil futures for March delivery climbs 5 cents per barrel, to $32.53, in New York tradin, while in London, brent crude oil rises 12 cents, to $28.95 per barrel; graph; chart (M)

Article on Clive Davis, 71, longtime record executive who was forced four years ago to relinquish control of Arista Records, which he founded in 1974; Davis was recently named chief executive of BMG North America, which restored Arista to his portfolio; caps comeback by hosting pre-Grammy Awards party at Beverly Hills Hotel; photos (M)

Eurotunnel warns it might not survive without another major overhaul of its debt as it cuts value of its assets and posts net loss of 1.9 billion euros ($2.4 billion) for full year; graph (S)

Seton Hall University defeats Pittsburgh University, 68-67, in double overtime; photo (M)

Jennifer Steinhauer Political Memo discusses New York City Mayor Michael R Bloomberg's growing reputation for being antisocial and 'prudish homebody,' which media and public are strengthening in wake of his plans to back stricter laws to regulate city's bars and nightclubs; Bloomberg is also known, though, to enjoy city's nightlife himself; photo (M)