OPEC Maintains Output –

After meeting in Ecuador, OPEC announced that it is maintaining current production levels at slighlty less than 25 million barrels a day.  OPEC is comprised of 12 members and they account for almost 40% of the oil production in the world.  A significant percentage of OPEC production comes from Saudi Arabia which has the strongest voice in OPEC decisions.  OPEC is scheduled to meet again in Vienna in June 2011.

To read a related Bloomberg article, please click here:


James Sutliff

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