Middle East Economic Survey

VOL. XLIX

No 3

16-January-2006

OPEC

OPEC Faces Twin Challenges Of New Capacity Delivery And Uncertain Demand In 2006

OPEC producers enter 2006 knowing that the mixed picture for oil demand will likely require restraint in output at some point in the first half. Yet public commitments to capacity expansion and unprecedented transparency on the details of these plans mean consumers will also be watching OPECs upstream progress even more closely than usual this year. Bill...