Monday 21 December 2009

OPEC sec-gen: Consensus is not to change output

OPEC's secretary general said Monday there is consensus within the oil-producing bloc to maintain its production targets into 2010, indicating the group plans to hold output steady when it meets in the Angolan capital.

Analysts say Tuesday's talks in Angola will instead center on members' inability to stick to production limits.

Secretary General Abdalla Salem El-Badri of Libya said prices are "very comfortable" for now, reflecting a sentiment sounded by several of the group's oil ministers in recent weeks.

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