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As expected, OPEC has left its oil output ceiling at 30M bpd at its meeting in Vienna today,...
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Wednesday, December 12, 2012, 7:43 AM ETAs expected, OPEC has left its oil output ceiling at 30M bpd at its meeting in Vienna today, although it's unclear whether the cartel will do anything to address the fact that it's producing well above that figure. Despite the swift agreement on output, the cartel is still wrangling over who should replace Secretary General Abdalla Salem el-Badri, who is due to retire in around two weeks. Oil +0.1%.
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