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Commodities Briefing - Categorized | Market Moves, Oil more

Opec faces multiple challenges

Posted on 09 December 2013

By opting to rollover its current output of 30 million barrels per day (bpd), hopefully until May next, Organisation of Petroleum Exporting Countries (Opec) took the anticipated route last Wednesday. “We have rolled it over,” veteran Saudi oil Minister Ali al-Naimi, told reporters at the end of three hours of closed-door talks in Vienna. “We are all satisfied.”
Although not much firework was visibly taking place inside the Vienna Opec headquarter conference room, that day last week, yet there are definite hints of skirmishes sooner rather than later………………………………………..Full Article: Source


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