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Thursday, March 18, 2010

PEC decides to maintain oil output steady

OPEC decides to maintain oil output steadyVIENNA: OPEC ministers in Vienna have agreed not to change oil output targets. This is the fifth consecutive time since 2009 that OPEC decided to maintain the production quotas of 24.8 million barrels per day.

Since last October, OPEC's oil prices remained around 70-80 U. S. dollars a barrel.

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