Vienna-OPEC agreed at its meeting in Vienna early September 10 to leave its current crude production limits unchanged for the time being, after ministers expressed their satisfaction with current price levels despite high stock levels in consumer countries. The outcome of the meeting had been widely expected, with almost all of the group's ministers saying in the run-up to the talks that they saw no need to change production for the time being. OPEC's official communique issued after the meeting noted the fragility of the nascent recovery in the global economy, adding that it did not want to rock the boat by cutting output, despite weak oil market fundamentals.
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