Middle East Economic Survey
VOL. LII
No 15
13-Apr-2009
OPEC
OPEC Compliance Drive Slows
OPEC continued to cut output in March, with total output reduced to 28.16mb b/d and OPEC 11 supply down to 25.81mn b/d, but members ability to slash production further looks to be challenged. The eleven countries which participate in output target agreements have managed to cut almost 3.5mn b/d since September, but they still remain almost 1mn b/d over their 24.845mn b/d output target, according to MEES...
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