Middle East Economic Survey


No 26


OPEC Risks Undermining Market For OPEC Crude, Says CGES

Calling the OPEC meeting in Vienna on 8 June a shambles, the London-based Centre for Global Energy Studies (CGES) said in its latest Monthly Oil Report (MOR) on 20 June that the organization risks undermining the market for its own oil. Noting that the OPEC conference failed to produce even a communiqué, it said the ministers allowed narrow, short term self interest and political...