OPEC agrees no oil supply change: delegate

Business Materials 5 December 2007 14:00 (UTC +04:00)

( Reuters ) - OPEC oil producers agreed on Wednesday to keep oil output supplies unchanged, an OPEC delegate said.

The decision will be a disappointment to consumer nations who had called on OPEC to raise supplies to help bring crude prices from near $90 a barrel.

The Organization of the Petroleum Exporting Countries also agreed to meet again in January, the delegate said, ahead of its regular March gathering. Details of the exact date and venue were not immediately available.

Ahead of Wednesday's meeting, oil ministers said supplies were sufficient to meet winter demand and blamed speculators for divorcing prices from fundamentals.