Middle East Economic Survey


No 13


No OPEC Talks On Second Stage Ceiling Hike Seen Before April

OPEC ministers are to hold off talks on a potential second stage rise in the organizations output ceiling for the next one-to-two weeks to allow the market enough time to absorb the 16 March rise in quotas, MEES understands. Fresh builds in US crude inventories, combined with the prompt contango in the physical and futures markets and outright prices, which dipped to a two-week...