Don't miss the inspiring speeches at The Jerusalem Post Conference
OPEC agrees to keep 30 mbpd output limit
ByREUTERS
June 14, 2012 20:08

VIENNA - OPEC agreed on Thursday to keep its collective oil output limit unchanged for the second half of the year at 30 million barrels a day, an OPEC delegate said.

The Organization of the Petroleum Exporting Countries is actually pumping about 31.6 million barrels daily.



Several OPEC ministers have called on the biggest producer Saudi Arabia to cut back output to support oil prices above $100 a barrel.

Brent crude has fallen from $128 a barrel in March to under $97 now after Riyadh lifted output to 10 million bpd and the economic outlook darkened.

Share this article via
from around the web
Related Content
Breaking news
March 28, 2017
Armed man arrested trying to enter Tunisian parliament

By REUTERS

Top Stories
Israel Weather
  • 11 - 24
    Beer Sheva
    12 - 20
    Tel Aviv - Yafo
  • 11 - 19
    Jerusalem
    11 - 20
    Haifa
  • 17 - 30
    Elat
    13 - 24
    Tiberias