Forbes | No Reason For OPEC To Relent in Oil Market Tussle Forbes That OPEC is not going to give ground became quite clear back in November at its last meeting, where the oil producers' collective decided not to cut the 30 million barrels per day (bpd) production quota it has officially kept in place since December 2011. Crude lifts on bets US oil glut easing Minister: Iran-Saudi oil meeting likely Iran's oil minister says OPEC unlikely to change output ceiling |