Middle East Economic Survey


No 52


Former OPEC Chiefs Highlight Oil Market Uncertainty

Extreme uncertainty is weighing on the global oil market, Algerias former oil minister Chakib Khelil and the former head of Libyas state-owned National Oil Corporation (NOC), Shukri Ghanem, tell MEES. This uncertainty, especially on the supply side, was the critical factor behind OPECs 14 December decision to declare a 30mn b/d output ceiling without allocating individual country quotas,...