OPEC Maintains Daily Oil Production Quotas, Despite Price Plunge
OPEC Maintains Daily Oil Production Quotas, Despite Price Plunge
ISTANBUL--December 2, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--The Organization of Petroleum Exporting Countries (OPEC), which supplies almost 40% of the world's crude oil, has maintained its output quota of 30 million barrels per day, despite plunging prices and oversupply of crude. The oil ministers from OPEC member countries met at its headquarters in Vienna, Austria.
Within this article: Decision by OPEC to maintain current production quotas.
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