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BREAKING NEWS

OPEC expects quick deal leaving output target steady

By REUTERS

DECEMBER 12, 2012 10:43

VIENNA - OPEC oil ministers meet on Wednesday expected to hold production limits steady despite forecasts for a fall in demand in the first half of 2013.

Ministers gather at 1000 (0900 GMT) for a scheduled two hour meeting that is expected to wrap up at 1200.

Expectations are that the Organization of the Petroleum Exporting Countries will retain a production target at 30 million barrels a day for the first six months of next year.

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