Middle East Economic Survey

VOL. LII

No 12

23-Mar-2009

Société Générale Says 100% Compliance With OPEC Production Targets Not Realistic

Société Générale does not expect OPEC to meet the 4.2mn b/d production cut put into effect by the 12-member group at the start of the year. The new output target, designed to remove excess supply from the market, is 24.845mn b/d. Writing in the latest issue of Société Générales Oil Drivers, published on 16 March, Michael Wittner, Global Head of Oil Research,...