Middle East Economic Survey
VOL. LII
No 20
18-May-2009
OPEC/SUPPLY/DEMAND
OPEC Report Underlines Weaker Output Discipline
OPECs latest Monthly Oil Market Report (MOMR) confirms MEES projections pointing to weakening output discipline (MEES, 11 May). Output from the 11 members who participate in production deals rose by 225,000 b/d in April pushing the members to almost 1mn b/d above their 24.845mn b/d target, the MOMR shows. Compliance is likely to dominate proceedings at OPECs next meeting,...
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