OPEC decided to keep its oil production targets unchanged, at a meeting in Vienna. The U.S. had requested an increase in production to ease the strain of higher energy costs, but Saudi Arabia Oil Minister Ali al-Naimi l said it was an “easy” call to keep levels unchanged. Oil demand is forecast to fall slightly as winter ends in the North and the U.S. economy slows. (Bloomberg)
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February 1, 2008
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