Opec to keep quotas unchanged

18 March 2010

Ministers from Opec's 12 member countries agreed, as expected, for the fifth time since 2008 to keep production limits unchanged at 24.845 million barrels a day, amid signs that a worldwide glut of crude is disappearing along with the recession, Bloomberg has reported. The group has reaffirmed the quotas at every meeting since they were set in December 2008.

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