Saturday, June 6, 2015

OPEC Agrees to Maintain Production Limit: Saudi Oil Minister

OPEC Agrees to Maintain Production Limit: Saudi Oil Minister

By Stephen Sedgwick | Jenny Cosgrave
Iraq's Minister of Oil and President of
The Organization of Petroleum Exporting Countries (OPEC) has decided to maintain its production levels for at least another six months, Saudi Arabia’s Oil Minister Ali al-Naimi told reporters Friday. The cartel maintained its collective output production level at 30 million barrels per day, which could continue to weigh on oil prices this year, as oversupply

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