Middle East Economic Survey
VOL. XLVIII
No 5
31-January-2005
OPEC Likely To Defer Output Decision Until March But Oversupply Worries Loom
OPEC ministers appear likely to defer a decision on cutting output at their meeting on 30 January in Vienna until the ordinary ministerial conference scheduled for mid-March. With oil prices rising to eight-week highs close to the $50/B level in recent days, there appears to be little appetite for taking early action to restrain supply ahead of the seasonal...
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