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Like its rivals BASF and DuPont, Dow has been sharply curtailing output in the face of the severe downturn.
He said he expected Russia to curtail output in line with its pledge of 300,000 barrels a day.
For now those countries are chasing market share, rather than trying to raise prices by curtailing output.
In productivity statistics, potential production doesn't count, only actual output -- and companies curtail output if the demand is not there.
It was the company's fourth consecutive quarterly profit after seven consecutive quarters of losses, as makers of LCD panels have since curtailed output after about two years of oversupply.
In the first place, American technique has developed on the lines of very greatly reducing production for stock and it is the practice today to curtail output schedules at the first sign of reduced sales.
Officials at Électricité de France have been preparing for a possible rerun of a ferocious heat wave that struck during 2003, the hottest summer on record in France, when temperatures of some rivers rose sharply and a number of reactors had to curtail output or shut down altogether.
If there is a single wind turbine generator, then it is disconnected from the network because of the practical limitations of curtailing outputs.
Computer manufacturers were forced to curtail production; their output fell last month to 61.3percentt of capacity -- a record low -- down from 80percentt a year ago.
Britain is the largest oil producer outside OPEC that refuses to cooperate by curtailing its output.
OPEC officials have announced they will sharply curtail petroleum output, although the size of the cut will not be known until next week.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com