Middle East Economic Survey
VOL. XLVIII
No 27
4-July-2005
OPEC Suspends Talks On Additional 0.5Mn B/D Quota Hike After Oil Price Falls
OPEC oil ministers have suspended talks on a second-stage rise in the OPEC-10 production ceiling of 500,000 b/d after sharp falls in the oil price mid-week following data showing strong builds in US oil stocks. OPEC President and Kuwaiti Energy Minister Shaikh Ahmad al-Fahd al-Sabah said on 30 June that the organization had suspended talks but would restart them if...
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