That price appears to be in the comfort zone of most OPEC member nations, and comments ahead of the meeting by some oil ministers suggest that the OPEC meeting might settle for the status quo in production Wednesday, while urging members to stop exceeding their individual output quotas."As long as there is demand for crude oil, there is no need to do anything," United Arab Emirates Energy Minister Mohamed bin Dhaen Al Hamli told reporters on Tuesday, while Iranian oil minister Rostam Ghasemi described the status quo as "good right now."
OPEC Considers Oil Output, Iran-Saudi Rivalry
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