| 15.06.2012 - OPEC hopes Saudis will cut to output target |
| OPEC left oil output limits on hold on Thursday, powerless to do anything other than hope top producer Saudi Arabia scales back supplies unilaterally soon to stem a $30 (19.28 pounds) slide in prices. Several in the Organization of the Petroleum Exporting Countries called on Saudi to cut back to bring collective supply down to the 30 million barrel a day limit to defend $100-a-barrel crude...............................................Full Article: Source |