09/11/2008 (11:51 am)
OPEC unlikely to tighten oil spigot
OPEC’s president says oil ministers will likely decide to maintain crude output at present levels.
OPEC President Chakib Khelil’s statement reflects the feeling among the majority of members that the 13-nation producing group should not cut back production despite concern about rapidly falling prices cash advance usa.
A formal decision by OPEC is expected to be announced following consultations that will begin later Tuesday.
OPEC is holding its meeting in Vienna, Austria.
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