Thursday, May 28, 2009

Opec set to leave output unchanged


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Financial Times
Breaking news
Thursday May 28 2009

Breaking News
 
Opec set to leave output unchanged
Opec was on Thursday set to leave its production levels unchanged, betting that higher oil demand as the global economy recovers would push prices towards the cartel's target of $75-$80 a barrel by the end of the year.

Speaking ahead of their meeting in Vienna, Opec delegates said ministers were expected to call for improved compliance with the cartel's previous cuts.
http://link.ft.com/r/0QSDPP/Y94N8/CX3RG/ALU2R/UIO5P/HK/h
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