OPEC decides to keep production targets steady

  • OPEC decides to keep production targets steady

    OPEC decides to keep production targets steady

    Thursday, 18th March 2010
    The city of Vienna saw the 156th meeting of representatives of OPEC (Organization of the Petroleum Exporting Countries). They decided not to make any changes in production quotas or oil prices, and praised the current world crude oil price of about $80 as high enough to encourage new exploration and production and low enough to avoid killing the global economy's fragile recovery.