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OPEC takes no action on current output

04/05/2010
The biggest official news coming out of the Organization of Petroleum Exporting Countries' Mar. 17 meeting was that it was the first in the group's new secretariat offices in Vienna, the city where the group has headquartered more than 30 years.As was widely expected, OPEC ministers again voted not to change their official production target.Olivier Jakob at Petromatrix, Zug, Switzerland, said before the meeting, "Angola is again complaining that it should be free of quota; Nigeria is again complaining that it should have a higher quota. Nothing will be changed for them, but OPEC compliance at current world market prices will continue to trend lower, and the date for the next meeting ...
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