| In the midst of financial and political turmoil throughout Europe, the Organization of Petroleum Exporting Countries (OPEC) met last Thursday in Vienna, Austria, to discuss the future of oil production.
The verdict? Production levels will remain at 30 million barrels per day (bpd.) Some countries were contributing to the overproduction of 1.6 million bpd (making for a grand total of 31.6 million bpa), but at Thursday’s meeting, agreed to embrace the 30 million bpd ceiling...............................................Full Article: Source
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