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Thursday, November 12 - 2009

Opec to keep production levels

  • Tuesday, March 07 - 2006 at 07:38

GCC energy and oil ministers say that Opec is likely to leave output at its current level when it meets on Wednesday, despite concerns of Q2 oversupply, reported Reuters. UAE Energy Minister Mohammad Bin Dhaen Al Hamli told reporters that a fair price could be around $50-$60 a barrel for the Opec basket. The basket stood at $59.08 on Friday.

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