Middle East Economic Survey


No 36


MEES Agenda

OPEC Ministers Meet Amid Oil Market Uncertainties Over Stocks And Demand

OPEC ministers meet in Vienna on 9 September, with OPEC Basket crude prices firm in the $64-72/B range since June, despite five straight months of rising output. The combination of buoyant prices and high inventories has helped to forge a consensus, with most delegates arguing that OPEC should keep its output ceiling unchanged. But market uncertainties abound....