P121 CEEFAX 121 Sat 10 Dec 23:41/31
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OPEC CONFIRMS STATUS QUO
OPEC ministers meeting in Geneva have
agreed to carry on with their present
output and pricing levels, according
to Saudi Arabia's Sheikh YamaniN
The Saudi oil minister told reporters:
"We reached an agreement on the sclf
price and same ceiling as the London
agreement."
No change, he said, had been made in
individual quotas.
* In London last March, OPEC cut its
benchmark oil price to $29 a barrel and
imposed a 17.5m bpd output ceilingN
ut the n CITYNEWS Index 120