OPEC Seen Keeping Output Target; Naimi Says Market Stable
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Energy ministers from Iraq, Kuwait, Angola and Algeria expect OPEC to keep its crude production target unchanged tomorrow after Saudi Arabian Oil Minister Ali al-Naimi said the market is “in equilibrium.”
The market is “balanced,” Suhail Mohammed Al Mazrouei, energy minister for the United Arab Emirates, said via Twitter on his way to Vienna, where ministers will meet to decide whether to alter the group’s 30 million-barrel-a-day target.