VOL. XXXII

NO. 52

2-OCTOBER-1989

AFTER NEAR MISS IN GENEVA OPEC WILL PURSUE EFFORTS TO REACH QUOTAREDISTRIBUTION AGREEMENT

MEES Editor Ian Seymour Reports on OPEC's MMC Meeting in Geneva, 23-27September

The somewhat disappointing outcome of the Geneva meeting of OPEC'seight-member Market Monitoring Committee (MMC)* - a 1mn b/d increase in thecrude production ceiling to 20.5mn b/d on a pro-rata quota distribution basis(see Table 1), punctuated by reservations and objections by several member...