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2015-12-04 21:40:00

OPEC STRATEGY UNCHANGED

OPEC STRATEGY UNCHANGED

Opec is expected to stick with its strategy of not cutting oil production when its ministers meet in Vienna on Friday, with the cartel split over who should take responsibility for reducing supply to support prices.

Delegates and Opec ministers say it is highly likely they will either rollover its 30m-barrel-a-day output target or increase it to accommodate the readmittance of Indonesia to the group, even though prices have slumped close to six-year lows.

However, Saudi Arabia,…

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Tags: OPEC, SAUDI, OIL, PRICES
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