OPEC keeps oil output target on holdCartel predicts low prices for foreseeable future; member quotas ‘suggestions’; selling at a loss with goal of keeping market share George Jahn Associated Press
OPEC decided to keep its oil output target on hold June 5 and predicted prices would remain low for the foreseeable future good news for both for oil-hungry international industries and consumers at the gas pump.
The cartel said its output level would remain at 30 million barrels a day despite the....
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