OPEC meeting ends without results

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OPEC meeting ends without results

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OPEC meeting for the oil output increase was largely unsuccessful as members were divided.

09 June,2011 04:09 am

Saudi Arabia faced resistance in Organisation of Petroleum Exporting Countries (OPEC) meeting on Wednesday as it could not convince member countries to increase the crude oil output. The International Energy Agency on failure of the meeting expressed concern and said that the situation has created frustration in the world as the crude oil prices continue to increase in the world due to low production.