| Opec is set to stick by its oil output ceiling this week, as supply tensions linked to global crises help to keep crude prices high, benefiting producers. The Organisation for Petroleum Exporting Countries, whose dozen member nations together supply about a third of the world's crude, is widely predicted by experts to keep its daily output ceiling at 30 million barrels of oil.
While Opec is satisfied with current price levels at around US$100 a barrel, the cartel is in fact pumping below its collective target owing to abundant supplies in top crude consumer the United States. Offsetting this are worries of potential supply strains as Ukraine risks sliding into all-out civil war...............................................Full Article: Source
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