SAUDIS LIKELY TO PREVAIL FOR STEADY OPEC CEILING

While pressure mounts from outside and inside the Organization of Petroleum Exporting Countries for oil production cuts, Saudi Arabia is bent on maintaining output at today's quota. Saudi Arabia is among key OPEC members that are keen to maintain market share. As a result, there is little room for OPEC to maneuver on production quotas. So a decision to continue the present ceiling is likely at the Mar. 24 ministerial meeting, says London's Centre for Global Energy Studies (CGES).