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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC to decide oil output amid demand, Libya strains

Posted on 02 December 2013

The Organisation of Petroleum Exporting Countries meets here this week to decide on the cartel’s oil output against a backdrop of slowing crude demand and unrest in member nation Libya.
Supplying about one third of the world’s oil, the cartel is expected to maintain its output ceiling of 30 million barrels per day when it meets at its Vienna headquarters on Wednesday, even though it is currently producing under the limit………………………………..Full Article: Source


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