OPEC to keep oil production at current levels
{{date|September 11, 2006}}

The {{w|Organization of Petroleum Exporting Countries}} (OPEC) announced today at the 142nd meeting of its Conference in {{w|Vienna}}, [[Austria]] that it will continue it's policy of trying to support market stability by maintaing a balance between supply and demand despite the fact that demand is slowing and inventories are growing. 

On the {{w|New York Mercantile Exchange}}, oil contracts for October fell as low {{w|United States dollar|US $}}64.85 before settling at the end of trading at US $65.61, a decline of 64 cents for the day. This follows a drop from their peaks at the start of the {{w|2006 Israel-Hezbollah conflict|Israel-Hezbollah conflict}} in July of US $77.03 a barrel.
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==Sources==
*{{source|url=http://www.nytimes.com/2006/09/11/business/11cnd-opec.html?ei=5094&en=67e6429cecb29d40&hp=&ex=1158033600&adxnnl=1&partner=homepage&adxnnlx=1158016563-HM1Ftp/P4ihqOyDBQ5lgDw
|title=OPEC Holds Production Steady
|author=Jad Mouawad
|pub=New York Times
|date=September 11, 2006}} 
*{{source-pr|url=http://www.opec.org/opecna/Press%20Releases/2006/PR152006.htm
|title=142nd Meeting of the OPEC Conference
|pub=OPEC
|date=September 11, 2006}} 

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[[Category:World]]
[[Category:Austria]]
[[Category:Economy and business]]
[[Category:Energy]]
[[Category:OPEC]]
[[Category:Vienna]]
The Vienna, Austria that it will continue it's policy of trying to support market stability by maintaing a balance between supply and demand despite the fact that demand is slowing and inventories are growing. 

On the United States dollar|US $64.85 before settling at the end of trading at US $65.61, a decline of 64 cents for the day. This follows a drop from their peaks at the start of the Israel-Hezbollah conflict in July of US $77.03 a barrel.
World Austria Economy and business Energy OPEC Vienna