OPEC GETS ITS ACT TOGETHER

MEES Executive Editor Ian Seymour Reports from Geneva on the OPEC Conference, 29-31 October: Though a climate of scepticism may linger on in media and oil trading circles for some time to come, all the hard evidence available in Geneva indicates that OPEC has truly succeeded in getting its act together on oil production and prices. As envisaged in the informal ministerial consultations a week earlier (MEES, 29 October), the full OPEC Conference agreed to...