OPEC set to hold line on output, setting aside Iran dilemma
An oil refinery is seen with the Rocky Mountains freshly covered with snow in the background in Denver October 14, 2014./ OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year's shock market therapy has revived demand and knocked back growing competition. With oil prices having stabilised at around $65 a barrel, some $20 above their January lows, there's little appetite within the Organization of the Petroleum Exporting Countries to modify production limits or address Iran's request to give it more room ...
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