OPEC agrees to maintain oil output ceiling: Venezuela

OPEC agrees to maintain oil output ceiling: Venezuela

OPEC has agreed to maintain its collective output ceiling at 30 million barrels per day, Venezuelan Energy Minister Rafael Ramirez said after the conclusion of a key meeting in Vienna.

“Everybody has agreed to maintain the level of production and we are monitoring the market,” Ramirez told reporters. The decision was in line with market expectations.

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