Business

OPEC keeps output target at 30 million barrels

By George Jahn
Published June 11, 2014 2:27pm ET
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OPEC keeps output target at 30 million barrels
Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi gestures as he speaks to journalists prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Wednesday, June 11, 2014. OPEC oil ministers are heading into a meeting with apparent agreement to keep unchanged their output target of 30 million barrels a day. (AP Photo/Ronald Zak) | Ronald Zak

VIENNA (AP) — Facing greater oil demand but possessing limited ability to satisfy it, OPEC countries on Wednesday agreed to keep unchanged their output target of 30 million barrels a day.

OPEC Secretary General Abdullah Al-Badry sought to cast the 12 countries’ decision in a positive light.

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Oil OPEC