Middle East Economic Survey

VOL. LII

No 26

29-Jun-2009

OPEC

OPEC And EU Find Common Ground On Oil Prices

Both OPEC and EU delegates at the sixth ministerial OPEC/EU dialogue meeting in Vienna on 23 June argued that current oil prices were acceptable to both producers and consumers, and could encourage further oil investment without damaging the global economy.

$70/B definitely does not impede the recovery of the economics in the world and at the same time it is a decent price for the continuing...