Middle East Economic Survey
VOL. LII
No 24
15-Jun-2009
OPEC
OPEC Compliance Continues To Slip
OPEC members are taking advantage of higher oil prices to boost output, MEES data suggests. Compliance from the 11 members that participate in output agreements continues to worsen, with May production registering a second successive monthly output increase. OPEC-11 output broke through the 26mn b/d mark for the first time since January, and reaching OPECs agreed 24.845mn b/d output target is looking...
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