IN BRIEF (Page 17)
China Daily | Updated: 2009-05-29 07:50
OPEC stands pat
OPEC decided to keep production quotas unchanged at yesterday's meeting in Vienna, banking on a recovery in oil demand toward the end of the year.
The Organization of Petroleum Exporting Countries, responsible for 40 percent of global crude supply, agreed to maintain production quotas, Saudi Oil Minister Ali al-Naimi said. It's the second time this year the 12-member group has met without revising that total.
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