Middle East Economic Survey


No 13


CGES Says Full OPEC Compliance Would Undermine Economic Recovery

Full compliance by OPEC members with the organizations 24.845mn b/d production target would send oil prices to levels that would undermine prospects of economic recovery, London-based Centre for Global Energy Studies (CGES) said in the latest issue of its Monthly Oil Report (MOR), published on 23 March. While the decision not to agree further output cuts was clearly the right one...