OPEC leaves oil output ceiling unchanged
Opec has announced it was keeping its oil output ceiling unchanged.
But it vowed to eliminate overproduction, as it sought to halt falling oil prices amid a weak global economy and eurozone debt crisis.
The price of Brent crude oil has tumbled from US$128 a barrel in early March to US$96.
This came mainly on the back of expectations of weaker demand caused by the euro's troubles and a slowing Chinese economy.
Meanwhile, Opec members were keeping a firm eye on developments in the eurozone, which have weighed heavily on oil prices.