Member nations of the Organization of Petroleum Exporting Countries have decided to leave oil output as is The stated aim of their meeting just held in Austria was to see that the supply and demand of oil is balanced. OPEC supplies one third of the world’s crude. It has been battling with plunging oil prices after over supply sparked a price collapse in June, 2014. However, members have expressed hope in a price rebound since the beginning of this year. teleSUR
