OPEC keeps oil output target at 30 million barrels
By GEORGE JAHNBy GEORGE JAHN, Associated Press?
?Iran's Minister of Petroleum Rostam Ghasemi, left, and Iran's Ambassador to the International Atomic Energy Agency, IAEA, Ali Asghar Soltanieh listen to journalists prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Friday, May. 31, 2013. (AP Photo/Hans Punz)
Iran's Minister of Petroleum Rostam Ghasemi, left, and Iran's Ambassador to the International Atomic Energy Agency, IAEA, Ali Asghar Soltanieh listen to journalists prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Friday, May. 31, 2013. (AP Photo/Hans Punz)
Nigeria's Minister of Petroleum Resources Diezani Alison-Madueke talks to journalists prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Friday, May. 31, 2013. (AP Photo/Hans Punz)
General view of a meeting of oil ministers of the Organization of the Petroleum Exporting countries, OPEC, at their headquarters in Vienna, Austria, Friday, May. 31, 2013. (AP Photo/Hans Punz)
Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi talks to journalists prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Friday, May. 31, 2013. (AP Photo/Hans Punz)
Iran's Minister of Petroleum Rostam Ghasemi talks to journalists as he arrives at a hotel for the Organization of the Petroleum Exporting Countries, OPEC, conference in Vienna, Austria, Thursday, May 30, 2012. Once the symbol of oil dominance, OPEC faces new challenges as its members gather for a ministerial meeting on how much crude to pump. For the 12 oil ministers from countries ranging from Venezuela to Nigeria and Iran, the formal focus of Friday's get-together is to determine production levels. (AP Photo/Hans Punz)
VIENNA (AP) ? OPEC oil ministers have decided to keep the organization's output target at 30 million barrels a day.
The decision of the 12-nation oil cartel was expected. The price for internationally traded benchmark oil is over $100 barrels a day, which is a level most OPEC countries are happy with.
The ministers also discussed more complex issues Friday. They included surging shale oil production in the U.S. that could weaken OPEC's role as the world's petroleum powerhouse and a potentially destabilizing spat between members Saudi Arabia and Iran over leadership of the organization.
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