OPEC ceiling indecision favors Iran: Official

On December 21, 2015, Posted by , In News, By ,,,,, , With No Comments

Member countries of the Organization of Petroleum Exporting Countries (OPEC) failed to reach a consensus to put a ceiling to the group’s daily output on December 4. The members therefore decided to stick to OPEC’s policy of producing oil as much as possible to squeeze out unconventional, non-OPEC producers. Shana…

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