Opec likely to maintain output
Its strategy of going for market share rather than prices is working, say analysts
London
THE Organisation of Petroleum Exporting Countries (Opec) will stick with the strategy of favouring market share over prices when it meets next month because rival producers are already starting to buckle.
All but one of the 34 analysts and traders surveyed by Bloomberg said the Opec will maintain its daily production target of 30 million barrels when it meets in Vienna on June 5.
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