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Commodities Briefing - Categorized | Market Moves, Oil more

Iraq, Angola see no need for OPEC to alter crude output target

Posted on 11 November 2013

OPEC, which produces about 40 percent of the world’s oil, will probably keep its crude oil output target unchanged at its next meeting, according to oil ministers from member states Iraq and Angola.
Iraqi Oil Minister Abdul Kareem al-Luaibi and Angola’s Jose Maria De Vasconcelos said they don’t see the need for the Organization of Petroleum Exporting Countries to alter its collective production target of 30 million barrels a day because current oil-price levels are satisfactory………………………………………..Full Article: Source


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