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OPEC Keeps Production Targets Steady
Updated from 6:55 a.m. EDT By George Jahn
VIENNA -- OPEC has decided to keep its oil production targets unchanged, ministers said Thursday at a meeting in Vienna.
The 12-country oil cartel appears to be counting on a recovering world economy to lift crude prices without its having to cut back output.
The decision had been widely anticipated, with most oil ministers saying ahead of the meeting they expected the status quo to be kept unchanged. Even Oil Minister Golam Hossein Nozari of Iran -- one of OPEC's price hawks -- said Wednesday he expected OPEC to keep output at present levels. ...
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