Production Quota of OPEC Remains Stable

Politics ♦ Published: October 15, 2010; 18:38 ♦ (Vindobona)

There was consensus in the Vienna-based OPEC. Members show their satisfaction with the current situation.

Production Quota of OPEC Remains Stable / Picture: ©

As expected, the Organization of Petroleum Exporting Countries (OPEC) has not changed their production quotas.

This decision was expected, because oil minister had expressed satisfaction with the current market situation. Analysts had estimated that decision in advance already. Ali al-Naimi, oil minister of Saudi Arabia: "We are currently in an ideal situation. The market…