Middle East Economic Survey
VOL. LII
No 37
14-Sep-2009
OPEC Eyes On The Global Economy As Ministers Hold Output Steady
OPEC ministers meeting in Vienna on 9-10 September kept production targets unchanged, as widely expected, amid conflicting market signals. Inventories have remained stubbornly high despite eight months of relatively disciplined output cuts. But firm prices in the $64/B-$72/B range for OPEC Basket crude since June precluded any cut. Continued concerns over the fragility of the...
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