OPEC to raise oil output ceiling: sources
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, August 21, 2015. REUTERS/Heinz-Peter Bader
VIENNA (Reuters) - OPEC has agreed to raise its output ceiling to 31.5 million barrels per day at a meeting on Friday, OPEC sources said in what appeared to be an effective acknowledgment of existing production.
It was not immediately clear if the new ceiling included rejoining member Indonesia or not.
(Reporting by OPEC Newsroom; Editing by Michael Urquhart)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
- Sicily By Car founder under police protection after arson attacks
- Ebola outbreak spreads to crowded displacement camp in Congo
Create E-mail Alert Related Categories
Commodities, ReutersRelated Entities
OPECSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share