OPEC Agrees to Maintain Production Limit: Saudi Oil Minister
By Stephen Sedgwick | Jenny Cosgrave
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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