OPEC Agrees to Keep 30 Million Bpd Oil Target: Delegates

oil derrick in field at sunset
Tyler Stableford | Image Bank | Getty Images

OPEC agreed on Wednesday to hold its oil production limit unchanged at 30 million barrels a day, delegates at the meeting said.

Ministers of the Organization of the Petroleum Exporting Countries continued in closed session to debate who should be the group's next secretary general.

They were divided over candidacies from Saudi Arabia and Iraq. Iran which also fielded a candidate agreed to back the Iraqi nomination, delegates said.