Middle East Economic Survey

VOL. XLIX

No 6

6-February-2006

OPEC CONFERENCE

OPEC Leaves Oil Production Unchanged, Downplays Projected 2Q Easing In Demand

Bill Farren-Price reports from Vienna.

OPEC ministers wasted little time in agreeing another rollover in production at their extraordinary meeting in Vienna on 31 January amid oil prices, which at $68/B for WTI, continue to range just below the long-term highs seen in September 2005. The meeting was not attended by oil ministers from Kuwait, Iraq...