OPEC oil production to remain unchanged
16-03-2009
Oil ministers from the twelve OPEC countries have agreed they won't reduce the amount of oil they're currently producing. However they will strictly enforce cuts they'd announced earlier of more than four million barrels a day. The ministers, meeting in the Austrian capital, Vienna, were trying to establish how to respond to the recent big falls in the price of oil: it's now trading at about a third of the price it reached last year.
