Middle East Economic Survey
VOL. XLVIII
No 15
11-April-2005
OPEC Ministers To Implement Second Stage Hike If Price Uptrend Continues
OPEC President and Kuwaiti Energy Minister Shaikh Ahmad al-Fahd al-Sabah said on 4 April that discussions between ministers within the organization had started on a possible second 500,000 b/d output ceiling increase and that a decision would likely be taken within the next 10 days leading to a technical raise in the OPEC-10 ceiling to 28mn b/d from 1 May. However,...
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