Middle East Economic Survey

VOL. XLIX

No 50

11-Dec-2006

OPEC

OPEC Turns Its Focus To Commercial Oil Stocks, Compliance As Price Rebound Eases Pressure

Bill Farren-Price examines the options facing OPEC ministers when they meet in Nigeria this week.

In the past fortnight, OPEC oil ministers have pointed to the high level of commercial oil stocks in OECD countries as the main element of imbalance in the global oil market. But MEESunderstands that while there is desire across the group to see these...