Opec to keep output ceiling

Opec members will reduce the group's production to adhere to its 30 million barrels per day (bpd) output ceiling and the effects should be seen in July, Opec secretary-general Abdullah Al Badri said yesterday. Opec members agreed at a meeting in Vienna on Thursday to maintain the 30m bpd production ceiling. Al Badri said that would entail curbing actual supplies by 1.6m bpd. - More