Rabu, 10 September 2008

OPEC chief says output likely to remain unchanged

VIENNA, Austria (AP) — OPEC's president says oil ministers will likely decide to maintain crude output at present levels.

OPEC President Chakib Khelil's statement reflects the feeling among the majority of members that the 13-nation producing group should not cut back production despite concern about rapidly falling prices.

A formal decision by OPEC is expected to be announced following consultations that will begin later Tuesday.

OPEC is holding its meeting in Vienna, Austria.