VOL. XXXV

NO. 51

21-SEPTEMBER-1992

Despite Shortcomings OPEC's Geneva Deal Should Have Positive Impact On 4QMarket

MEES Editor Ian Seymour Reports on the Geneva Meeting of OPEC's MinisterialMonitoring Committee (MMC), 16-17 September.

By declaring for itself a "market share" of 24.2mn b/d for thefourth quarter - without mentioning any kind of quota breakdown for individualmember countries, formal or informal - OPEC succeeded in avoiding many of thepitfalls now associated with traditional methods...