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OPEC Close to Agreement On Production
OPEC is desperately trying to maintain a steady flow of oil.
December 14, 2011- OPEC ministers were close to making a decision to maintain oil production at the steady rate it currently is producing. They were also trying to mend the vast differences between Iran and Saudi Arabia that led to the previous meetings collapsing last June.
De facto leader of OPEC and Saudi oil minister Ali Naimi said before Wednesday’s meeting that, “There will be an agreement made.”
OPEC has been outputting over...