Middle East Economic Survey


No 22


OPEC Ministers To Debate 3Q Demand Amid Political Upheaval

OPEC ministers meeting in Vienna on 8 June will have to address a daunting array of challenges, including meeting a projected 2mn b/d jump in the demand for their crude next quarter amid production problems in many member countries and the total cessation of Libyan exports. Their current quota total of 24.845mn b/d has lost relevance as any sort of guidance to the market. But...