Middle East Economic Survey

VOL. LI

No 43

27-Oct-2008

OPEC Production Cut Will Not Impact Oil Price

By William R Edwards

The following article was written for MEES by Mr Edwards, who is President of Edwards Energy Consultants, Katy, Texas (wre@texven.com).

I noted with interest the bulletin advising that OPEC is moving forward the date of the emergency meeting. I suppose that the main agenda item will be to discuss a cut in production with the hope that the decline in crude price can be halted. May...