ABU DHABI (Bloomberg) -- - OPEC has yet to decide to cut its production target, the United Arab Emirates’ energy minister said, as crude prices extend a slide since June amid a boom in U.S. shale oil and signs of slower demand growth in China. All 12 members of the group must agree before any decrease in its official limit of 30 MMbpd, the U.A.E.’s Suhail Al Mazrouei said Sept. 23, a week after OPEC’s secretary-general said it may lower the ceiling in 2015.
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OPEC yet to decide on supply cuts as crude prices extend retreat
![OPEC yet to decide on supply cuts as crude prices extend retreat]()
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