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Commodities Briefing - Categorized | Market Pulse, Oil

OPEC output ceiling reached

Posted on 22 March 2010

From Themoscowtimes.com: OPEC has less room to raise production as global oil use recovers because of Russia’s increasing output, said Shokri Ghanem, head of Libya’s delegation to the organization.

Organization of the Petroleum Exporting Countries ministers on Wednesday agreed not to change oil output targets they are already exceeding, anticipating that demand will pick up later in the year to mop up extra barrels the producers may pump…………………………………Full Article: Source

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