Middle East Economic Survey


No 11



Société Générale Sees 60:40 Chance Of 1Mn B/D OPEC Cut

Société Générale said it sees a 60:40 chance of OPEC deciding on a further 1mn b/d production cut at its next meeting in Vienna on 15 March. Putting OPEC members compliance with output reduction targets at 81% in its latest edition of Oil Drivers, published on 9 March, Société Générale said the good compliance argues for further cuts, adding that it has given OPEC...