OPEC seen unlikely to cut output despite oil glut
Iran's Minister of Petroleum Bijan Namdar Zangeneh talks to journalists as he arrives at a hotel for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, in Vienna, Austria, Wednesday, Nov. 26, 2014. (AP Photo/Ronald Zak)/ VIENNA (AP) — OPEC oil ministers meeting in Vienna on Thursday are in a bind. Prices are plunging — and in the short term, the cartel may not be able to do much about it./ Expectations that the group would not cut output to support the market saw the global price of oil slump another $1.89 on Thursday ...
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