Middle East Economic Survey

VOL. LII

No 11

16-Mar-2009

OPEC/SUPPLY/DEMAND

Ministers Divided Ahead Of OPEC Meeting

OPEC ministers arrived for their 15 March meeting in Vienna with sharply differing views as to whether to keep their 24.845mn b/d output ceiling unchanged or to announce a further cut. MEES soundings indicated that leading OPEC producer Saudi Arabia was likely to focus on compliance with the existing 4.2m b/d cut from published September levels, announced at the organizations Oran...