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Tue 6 Dec 2011 12:11 PM

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OPEC eyes deal on 30 million barrels per day oil target

Oil cartel’s member states look set to agree new production targets at mid-December meeting

OPEC eyes deal on 30 million barrels per day oil target
Qatari emir Sheikh Hamad Bin Khalifa Al Thani speaks at the 20th World Petroleum Congress (WPC) in Doha on Dec 5 (AFP/Getty Images)
OPEC eyes deal on 30 million barrels per day oil target
The emir of energy-rich Qatar reassured consuming countries that energy supplies from the Middle East will not be disrupted by political upheavals sweeping the region (AFP/Getty Images)
OPEC eyes deal on 30 million barrels per day oil target
Qatar's minister of energy and industry Mohammed Saleh Al Sada (AFP/Getty Images)
OPEC eyes deal on 30 million barrels per day oil target
OPEC oil producers, at odds over supply policy since June, look set at a mid-December meeting to agree a new production target that legitimises current cartel output at 30 million barrels a day (AFP/Getty Images)
OPEC eyes deal on 30 million barrels per day oil target
OPEC's leading price hawk Iran, appears to have given up its campaign to have Gulf Arab nations including top producer Saudi Arabia cut back supply (AFP/Getty Images)
OPEC eyes deal on 30 million barrels per day oil target
(above) Emirati energy minister Mohamed Bin Dhaen Al Hamli (AFP/Getty Images)
OPEC eyes deal on 30 million barrels per day oil target
Omani oil minister Mohammad Bin Hamad Bin Saif Al Rumhi (AFP/Getty Images)
OPEC eyes deal on 30 million barrels per day oil target
Iran's Oil Minister Rostam Qasemi (L). Qasemi said that Tehran would be guided by the recommendations of the cartel's Vienna-based secretariat (AFP/Getty Images)
OPEC eyes deal on 30 million barrels per day oil target
Delegates say OPEC's Vienna-based secretariat will recommend to a meeting of OPEC national experts, ahead of the Dec 14 ministerial meeting that 30 million barrels daily is required from the group inH1 2012 (AFP/Getty Images)
OPEC eyes deal on 30 million barrels per day oil target
OPEC sees average 2012 demand for OPEC crude at 30 million bpd (AFP/Getty Images)