OPEC sets no new output target

OPEC decided Thursday, June 2, to keep oil gushing after a moderate recovery in the crude eased the pressure to limit output, with Saudi Arabia saying the cartel is “very satisfied” with the market.  A final statement from the Organization of the Petroleum Exporting Countries after a meeting in Vienna made clear that the 13-nation group had not set a new output target.  Read more here.  

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s