OPEC to Keep Quota, $80-$85 Oil Is Fine, Angola Says
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OPEC is unlikely to change its production quota when it meets at the end of next week, said Jose Maria Botelho de Vasconcelos, Angola’s Minister of Petroleum.
The members of the Organization of Petroleum Exporting Countries “feel” oil at $80 to $85 a barrel is a “comfortable price” and will probably keep the group’s output targets unchanged at their meeting on Dec. 11 in Quito, Ecuador, Vasconcelos said in an interview late yesterday in Luanda.