ECONOMY
OPEC's daily oil production will not change
Vienna, November 28, AZERTAC
OPEC’s (Organization of Petroleum Exporting Countries) daily oil production will not changed. The decision was made at a meeting of the 166th OPEC Conference in Vienna. According to the decision, it will not be changing production levels, leaving the daily output ceiling at 30 million barrels despite oversupply concerns and soft oil prices.
The countries such as Iran, Iraq, and Venezuela need to reduce the volume of oil production; it was decided not to change production, at the meeting of member countries.
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