NO. 51


Saudi Arabia Favors Raising OPEC Output Ceiling To 24.5MN B/D For 4Q

MEES understands that, at the OPEC ministerial meeting in Geneva on 24September, Saudi Arabia will propose an increase in the OPEC crude oilproduction ceiling to 24.5mn b/d for the fourth quarter. The present outputceiling, nominally in force for the second and third quarters, is 22.3mn b/d.However, the country breakdown of this ceiling contained zero output for Iraqand Kuwait (see table on...