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Commodities Briefing - Categorized | Oil, Trading more

OPEC not expected to change output next month

Posted on 14 November 2013

Kuwait Oil Minister Mustafa al-Shamali said Wednesday that he does not expect the OPEC oil cartel to change production at its next ministerial meeting in December. “I don’t expect it to be changed because the production till now goes with the needs of consumers and that’s enough,” Shamali told reporters outside parliament.
“I think it won’t be changed,” he said, but added that the decision will ultimately depend on a review of statistics by ministers of the 12-member Organisation of the Petroleum Exporting Countries at the meeting in Vienna meeting early next month………………………………………..Full Article: Source


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