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Home International Markets

OPEC to continue oil output at 30 million barrels

byCustoms Today Report
29/11/2014
in International Markets
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LONDON: OPEC has decided to keep up its oil production goal of 30 million barrels per day.
The decision to leave the production unchanged was taken as the members considered that the lower production will lead them to lose market share in the oil industry. The crude oil started its slide on Thursday and closed at $66.15 on Friday. It is the lowest price of oil touched in more than four years.

Tags: 30 million barrelsOil outcutoil prices tumbledOPEC

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