Fittest loser
Article posted: 12/12/2012 7:24 AM

OPEC ministers signal no change in output target

Buy this photo Buy this photo
Gallery Image

General view of the meeting of oil ministers of the Organization of the Petroleum Exporting countries, OPEC, at their headquarters in Vienna, Austria, Wednesday.

Associated Press

About this Article

OPEC oil ministers signaled Wednesday that they will opt to stick to present output targets at their meeting later in the day while remaining undecided on who should fill a senior post coveted both by Saudi Arabia and arch-rival Iran. The 12-nation cartel is pushing out more than 31 million barrels a day -- over 1 million barrels more than it should if member nations were honoring individual quotas.
Galleries by Category