Vienna, July 30: Opec does not need to change its oil production ceiling, United Arab Emirates (UAE) oil minister Obeid bin Seif al-Nasseri said here today. "In my view, no," he told reporters when asked if there was a need to change the current output ceiling of 25.4 million barrels per day.
The minister made this comment upon his arrival in the Austrian capital ahead of a meeting of the organisation of petroleum exporting countries to review the market situation. Bureau Report