OPEC Oil Agreement Puts Saudi Arabia Back in Charge

- December 14th, 2011

Reuters Africa reported that OPEC oil producers signed the first new output agreement in three years putting Saudi Arabia back in charge.

Reuters Africa reported that OPEC oil producers signed the first new output agreement in three years putting Saudi Arabia back in charge.

As quoted in the market news:

The Organization of the Petroleum Exporting Countries agreed a target of 30 million barrels daily, ratifying current production near 3-year highs.

Click here to read the full Reuters Africa report.

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