Middle East Economic Survey


No 50


Saudi Arabia Flexes Capacity Muscle To Lift OPEC Output To Three-Year High

OPEC ministers head to Vienna for their 14 December meeting on the back of the highest monthly production figure for three years, MEES estimates show. Saudi output of close to 10mn b/d is near historic peaks of 30 years ago, writes Rafiq Latta.

Pre-meeting expectations are that delegates will work hard to avoid the very public failure of last Junes meeting. While...