OPEC ministers agree deal to leave output unchanged: delegate

Vienna (Platts)--8Mar2006

OPEC ministers meeting in Vienna have agreed to maintain current crude
output levels, set officially at 28 million b/d, and to meet again June 1 in
Venezuela, a senior OPEC delegate said Wednesday.
     Although the OPEC meeting is still ongoing, the delegate said the
decision to leave output unchanged had already been agreed.
     In the run-up to the meeting several ministers made it clear that current
oil prices were too high for the cartel to be able to think about cutting
production at this point.

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