The Traderszone Network

Published in TZ Latest News 31 May, 2015 by The TZ Newswire Staff

OPEC likely to keep output unchanged at June 5 meeting: delegates

OPEC is likely to keep its output target unchanged when it meets on Friday because the global oil market appears to be in good shape and prices are expected to firm up from current levels, a senior Gulf OPEC delegate told Reuters. Two more OPEC delegates said they expect no change in policy on June 5 when oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) are scheduled to meet in Vienna.

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