OPEC Maintains Crude Production as Group Defers Output Target
- Production target set at 31.5 million barrels a day: Delegate
- Oil output ceiling doesn't include new member Indonesia
OPEC Agrees to Increase Daily Production Target
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OPEC set a record oil-output ceiling of 31.5 million barrels a day, a level that’s in line with the group’s most recent production estimate. Crude fell as much as 3.6 percent in New York.