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OPEC members asked to adhere to ceiling; reduce by 1.6 mil b
Author:admin    Pubdate:2013-04-08 14:38    Views:

OPEC members asked to adhere to ceiling; reduce by 1.6 mil b/d: Badri

http://www.chemnet.com   Jun 15,2012 Platts

OPEC secretary-general Abdalla el-Badri Thursday said the group had asked its members to adhere to their agreed crude output ceiling of 30 million b/d, and for those countries currently over-producing to reduce their output.

Badri, referring to the final communique issued after OPEC's Vienna talks which called for adherence with the 30 million b/d ceiling, said that members that were responsible for some 1.6 million b/d of overproduction should cut back.

"Those that are producing 1.6 million b/d, we did not mention them, but they should come back to 30 million b/d," he said.

Asked whether those countries had agreed, he replied: "Yes."

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