Output Ratchets Up Ahead Of Vienna Meeting
By Rafiq Latta
OPEC ministers face some difficult decisions when they meet in Vienna on 12 December. A projected fall in the demand for OPEC crude and an uncertain economic outlook require careful management if the organization hopes to continue to enjoy the bumper revenues of the past 24 months.
However, the latest MEES wellhead production estimates point to OPEC compliance with its nominal 30mn b/d target...