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Commodities Briefing - Categorized | Market Pulse, Oil more

OPEC won’t make ‘significant’ output change, Ecuador says

Posted on 29 November 2011

The Organization of Petroleum Exporting Countries may keep oil production quotas near current levels when they meet next month, Ecuador’s Non-Renewable Natural Resources Minister Wilson Pastor said.
“We don’t see a significant change in production,” Pastor, who stepped down last year as OPEC’s president, said in an interview in Santiago. “The price of oil is at the level that OPEC has defended between $80 and $100. This is beneficial for the global economy.”……………………………………….Full Article: Source


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