Middle East Economic Survey


No 6


OPEC Rollover A Response To High Oil Prices, Says Société Générale

OPECs decision to roll over production targets at its 30 January ministerial meeting was a response to continuing high oil prices, according to Société Générale (SG). In the Weekly Oils report of 31 January, SG analysts Frederic Lasserre and Alexandre Kervinio say that the rollover came despite OPECs belief that without production restraint the market could be...