Tuesday, 11 December 2012 19:09
VIENNA: OPEC oil exporters look set this week to avoid a quarrel about how much crude they produce and argue instead about who should be the group's next secretary-general.
Oil prices are roughly where OPEC wants them - comfortably above $100 a barrel - but there is deadlock over who should be the new public face of the organization.
At a meeting in Vienna on Wednesday the 12-member Organization of the Petroleum Exporting Countries is expected to retain its 30 million barrel a day (bpd) output target for the first six months of 2013.
"As long as there is demand there is no need to change," said UAE Oil Minister Mohammed al-Hamli, who is normallly aligned with other Gulf Arab producers including Saudi Arabia.
Iran, often among the most hawkish in OPEC on price, said it was satisfied with a market now near $108 a barrel for Brent crude. "The market situation is good ...