VOL. XXXIV

NO. 52

30-SEPTEMBER-1991

4Q Looks Firm Despite OPEC's Loose Production Agreement In Geneva

MEES Editor Ian Seymour Reports on the Geneva Meeting of OPEC's MinisterialMonitoring Committee, 24-25 September.

At its Geneva Ministerial Meeting, OPEC has decided to sail into the fourthquarter with all its production flags flying. Although there is a nominalproduction ceiling - set at 23.65mn b/d as compared with the previous equallynominal limit of 22.3mn b/d - it has little practical meaning...