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OPEC keeps output target

2012-12-12 3 Dailymotion

OPEC's oil ministers have agreed to keep the cartel's output unchanged at 30 million barrels a day.

But experts say the producers may soon have to pump less if they want to keep prices up in the face of slowing economic growth and demand.

However it may be difficult to get agreement for a pull-back - particularly from Iraq which is rebuilding its industry.

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http://www.euronews.net/