OPEC to keep 30 million barrel output target


OPEC to keep 30 million barrel output target

Secretary General of OPEC Abdalla Salem El-Badri of Libya gestures as he waits for the start of a seminar of the Organization of the Petroleum Exporting Countries, OPEC, at Vienna's Hofburg palace, Austria, on Thursday, June 14, 2012. OPEC ministers are coming into a meeting Thursday deeply divided over how much crude to pump, with Saudi Arabia keen to keep a lid on prices, rival Iran pushing to cut production and Iraq expected to back Iran, its longtime foe under Saddam Hussein. (AP Photo/Ronald Zak)OPEC oil ministers agreed Thursday to keep their production target steady, in a compromise meant to defuse rivalries between Iran and Saudi Arabia and to send a soothing message to economically troubled consuming nations.



//news.yahoo.com/opec-keep-30-million-barrel-output-target-205034439.html


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