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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC axes production monitoring committee

Posted on 30 May 2013

OPEC has decided to ax a key committee that monitored its members’ compliance with oil production targets and made recommendations on output policy, people familiar with the matter told The Wall Street Journal Wednesday.
The Vienna-based secretariat of the Organization of the Petroleum Exporting Countries will now be responsible for monitoring members’ production levels, instead of the Ministerial Monitoring Sub-Committee, or MMSC, the people said………………………………………..Full Article: Source


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