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Commodities Briefing - Categorized | Market Pulse, Oil more

OPEC crude output is at the right level, says UAE

Posted on 14 October 2013

OPEC’s crude oil production is at a suitable level for the market and there is no talk of the cartel changing output when it meets in December, UAE energy minister Suhail bin Mohammed al-Mazroui said on Sunday.
A senior official from Angola, a fellow member of the Organization of the Petroleum Exporting Countries (OPEC), later said he shared the minister’s view on OPEC’s output target of 30 million barrels per day (bpd). OPEC, which pumps more than a third of the world’s oil, meets on Dec. 4 in Vienna to decide whether to adjust the output target………………………………………..Full Article: Source


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