| OPEC’s oil output is likely to remain around the same level next year as it has this, while the group is unlikely to cut the ceiling on its production at a meeting next month despite the recent sharp slide in global oil prices, its secretary-general said Wednesday. “I don’t think 2015 will be far away from 2014 in terms of production,” Abdalla Salem el-Badri told reporters on the sidelines of an industry conference in London.
Mr. al-Badri’s comments will temper expectations that the Organization of the Petroleum Exporting Countries could seek to cut its oil output in response to oil price weakness at its next meeting in Vienna, Nov. 27...............................................Full Article: Source
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