Major producers worried high oil prices would stifle global recovery
OPEC
Posted inProducts & Services
OPEC decides to maintain output
Oil cartel decides against any further cuts at meeting in Vienna
Posted inNews
OPEC appetite for cuts diminishes
Iran is alone in calling for cuts as secretariat remains cautious
Posted inProducts & Services
Oil price still solid in spite of dire statistics
US crude inventories fall again but price still remains around US$60