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Iraq, Venezuela say OPEC to roll over output ceiling

Posted on 10 June 2014

The OPEC oil producers’ cartel appeared set to maintain its output ceiling later this week, Iraq and Venezuela said here on Monday. The Organization for Petroleum Exporting Countries, whose dozen member nations together supply about one third of the world’s crude, have a daily collective output target of 30 million barrels of oil.
“I have a feeling we are expecting to have another rollover,” Venezuelan Energy Minister Rafael Ramirez told reporters in the Austrian capital, two days before Wednesday’s OPEC gathering………………………………………..Full Article: Source


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