-

 
logo
                                        Volume. 11869

OPEC leaves production target unchanged
PDF Print E-mail
Font Size Larger Font Smaller Font
c_330_235_16777215_0___images_stories_edim_04_OPEC(7).jpgVIENNA (AP) — OPEC oil ministers have decided to maintain the organization's production target at 30 million barrels a day.
They have also agreed Wednesday to meet again June 11.
 
If the sanctions on Iran's oil exports have gone by then, then the June meeting could be focused on attempts to curb overproduction.
 
Oil ministers say they are happy with present prices and that supply and demand are in balance.
 
But Iran's oil minister said his country will push to produce pre-sanctions levels as soon as possible, even if that drives prices sharply lower.
 
Iraq also wants to increase production, and Libya says it hopes it can boost output once unrest ends.

rssfeed socializeit
Socialize this
Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader
Twitter Facebook Myspace Stumbleupon Digg Technorati aol blogger google reddit