from Zero Hedge
The anticlimatic conclusion to today’s OPEC meeting came earlier courtesy of Bloomberg which moments ago reported that OPEC has failed to reach a new oil supply agreement, but that it has agreed to appoint a Nigerian candidate for new OPEC secretary general.
- OPEC HASN’T REACHED NEW OIL SUPPLY AGREEMENT: DELEGATE
- OPEC AGREES TO APPOINT NIGERIAN CANDIDATE FOR SEC-GEN: DELEGATE
- OPEC MEETING ENDS!
As Bloomberg notes, OPEC will stick to its policy of unfettered oil production after members failed to agree on new output ceiling, according to a delegate at mtg in Vienna.