Austria: The days of $100 a barrel are gone - OPEC secretary general

Organisation of the Petroleum Exporting Countries (OPEC) Secretary General Abdalla Salem El-Badri announced that OPEC will keep the same output target which stands at a ceiling of 30 million barrels a day, during a meeting of OPEC oil ministers in Vienna, Friday. He also said that oil producing states would have to accept that oil is not being sold at $100 (€90) per barrel any more. According to a report compiled by Bloomberg, OPEC produced 31.58 million barrels of oil per day during the month of May, meaning its target has been exceeded for every month since May 2014. The OPEC decision will stand at least until the group meets again on December 4.