OPEC
OPEC Producers Adopt Higher Oil Price Assumptions For 2013 Budgets
After nearly four months of delays, Kuwait this week released its budget for the 2013-14 financial year (beginning 1 April), the last of the OPEC countries to do so (see p16). This confirmed earlier speculation that the majority of the producer group’s members would be adopting higher crude prices for their 2013 budgets.
As was the case in 2012, the increase in OPEC’s MENA...
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