Financial Times Energy News 15th October

Opec to keep oil quotas as prices hold up (Page 10)

Opec oil ministers have decided to keep their production quotas unchanged, declaring the world market remains “well supplied” and prices are at a satisfactory level. Members are generally failing to comply with a total quota of 24.85m barrels per day, with current output some 2m b/d above this ceiling.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: