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OPEC on Thursday broke off its meeting without reaching any new agreements on oil production, continuing a hands-off policy that members say is gradually bringing supply and demand back into balance and boosting prices, Reuters reports.
Related: Crude Oil Prices Drop Below $50 Ahead Of OPEC Meeting
Nigeria's oil minister say the OPEC meeting discussed an oil production ceiling but decided against it, as the market is effective.
OPEC has long decided it's not going to be a swing producer, he added.
Related: Crude Oil Prices Drop Below $50 Ahead Of OPEC Meeting
Nigeria's oil minister say the OPEC meeting discussed an oil production ceiling but decided against it, as the market is effective.
OPEC has long decided it's not going to be a swing producer, he added.
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