The Traderszone Network

Published in TZ Latest News 30 January, 2015 by The TZ Newswire Staff

OPEC oil output rises in January as key members stand firm: survey

OPEC’s oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a Reuters survey showed, a sign key members are standing firm in refusing to prop up prices. The Organization of the Petroleum Exporting Countries at a November meeting decided to focus on market share rather than cutting output, despite concerns from members such as Iran and Venezuela about falling oil revenue.

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