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OPEC keeps output target unchanged
- Middle East: Saturday, June 16 - 2012 at 11:32
Opec has kept its production ceiling unchanged, as concern that global growth is shrinking outweighed calls by some members for supply cuts to stem sliding prices, Bloomberg has reported. The 12-member group agreed to leave the limit at 30 million barrels a day, Youcef Yousfi, Algeria's energy minister, said in Vienna at the end of the producer group's first meeting of the year.
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StaffSaturday, June 16 - 2012 at 11:32 UAE local time (GMT+4)
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