OPEC PANEL: MAINTAIN PRODUCTION VOLUME

The Organization of Petroleum Exporting Countries' ministerial monitoring subcommittee recommended Aug. 10 that the current production ceiling of 23.582 million b/d be continued into the fourth quarter. The committee, which keeps tabs on members' production volumes with regard to quotas, said OPEC members had helped cause current low oil prices, although "...unwarranted speculations and misinterpretations of statements have been detrimental to the situation."

More in Home