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OPEC comments signal unchanged quotas at Vienna meeting

Posted on 04 December 2012

Most OPEC ministers and officials say the oil market is balanced, signaling little desire to alter output targets when they meet next month in Vienna. The following table is a compilation of recent comments from officials in the 12 nations of the Organization of Petroleum Exporting Countries, which supplies about 40 percent of the world’s oil.
The group is due to elect a new secretary- general at the Dec. 12 meeting and may renew or change its output ceiling of 30 million barrels a day, which was reaffirmed in June without individual country quotas………………………………………..Full Article: Source


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