Middle East Economic Survey

VOL. L

No 49

3-December-2007

OPEC Ministers Likely To Debate Output Rise Despite View That Supplies Are Adequate

OPEC oil ministers, meeting to discuss production policy in Abu Dhabi on 5 December, are likely to consider a significant increase in production targets, even though the consensus among the organizations members is that crude oil supplies are adequate, and not to blame for recent record-high oil prices. MEES understands that major GCC producers intend to...