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Wednesday, August 27, 2014, 10:12 p.m.
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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.

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