Middle East Economic Survey


No 49


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...