OPEC PRODUCTION TOPS 20MN B/D AS GENEVA COUNTDOWN APPROACHES

As the countdown begins for OPEC's 28 July Geneva conference it is difficult to find anything cheerful to say about the prospects for its outcome. The plain fact is that, in the month that has elapsed since the last OPEC meeting on Brioni Island, matters have got worse rather than better both as regards the deplorable state of the market awash with surplus production - according to MEES estimates, total OPEC output in July is...