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The Boston Globe

Business

OPEC leaves quota at status quo

Members of the Organization of Petroleum Exporting Countries left their 30 million barrel-per-day quota for oil production intact Wednesday, a decision that indicates the cartel’s satisfaction with current crude prices and its reluctance to do anything to further weaken the world economy.

But even though it stuck with the status quo, the group, whose representatives are in Vienna for the meeting, may face serious tests in the near future, as rising production outside the cartel threatens its market share and influence in the world.

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