Middle East Economic Survey
VOL. XLVIII
No 17
25-April-2005
OPEC To Raise Supply In May, Quotas In June
OPEC will raise production by around 500,000 b/d in May to prepare for an expected surge in demand later in 2005, the organizations president, Kuwaits Energy Minister Shaikh Ahmad al-Fahd al-Sabah said on 18 April. This will carry output back over 30mn b/d for the first time in six months. Because of the behavior of the market for the third quarter, we think in May there will be a real...
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