Subscribe Register Login

Tuesday, October 25, 2016, 2:36 p.m.
Top Picks - Mobile App

OPEC keeps output target at 30 million barrels

By The Associated Press

This article was published June 11, 2014 at 11:04 a.m.

VIENNA — Facing greater oil demand but possessing limited ability to satisfy it, OPEC countries on Wednesday agreed to keep unchanged their output target of 30 million barrels a day.

The price of oil rose after the OPEC decision, with benchmark Brent North Sea crude for delivery in July climbing 45 cents to $109.97 a barrel in London.

The International Energy Agency, oil consultant to major consuming countries, sees short-term demand rising. But many OPEC members are at their production capacity limits.

Read tomorrow's Arkansas Democrat-Gazette for full details.


Comments on: OPEC keeps output target at 30 million barrels

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.



Top Picks - Mobile App
Arkansas Online