Middle East Economic Survey


No 19


MEES Agenda

OPEC Output Revives After Slides Of March

OPEC output rose in April following a precipitous fall the previous month, according to MEES calculations. But output still stands lower than earlier this year and the output increase has so far failed to make any significant dent in prices OPEC Basket prices fell last week, but remained above $110/B.

The global oil market is riven with uncertainty, with political unrest in the...