15/12/2012
OPEC: Current Level is Acceptable and We are not Worried about High Inventory
Organization of Petroleum Exporting Countries "OPEC" will keep on the current production ceiling of 30 million barrels of crude per day for all members, it also kept the Libyan Abdullah al-Badri as a Secretary General in office for an extra year. Ali Al-Naimi, Minister of Petroleum and Mineral Resources of Saudi Arabia Said that we "will keep" the current production ceiling for all 12 member states, at 30 million barrels per day. He added "there is no change in the current situation." However, actual production of member states exceeds the production ceiling passed in December (2011) and extended in June.
