June 05:
Source: http://www.businessspectator.com.au/news/2015/6/5/markets/opec-keeps-output-unchanged?
OPEC delegates said on Friday the cartel would keep its collective output level unchanged at 30 million barrels a day, the second time in six months it decided to take no action amid a global glut of crude and weak oil prices.
In the past, the Organisation of the Petroleum Exporting Countries -- which pumps about one in three barrels of oil consumed each day -- has throttled back on output to support prices. But in a break from that strategy, OPEC held production steady at its meeting in November.
In the past, the Organisation of the Petroleum Exporting Countries -- which pumps about one in three barrels of oil consumed each day -- has throttled back on output to support prices. But in a break from that strategy, OPEC held production steady at its meeting in November.
Source: http://www.businessspectator.com.au/news/2015/6/5/markets/opec-keeps-output-unchanged?
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