Middle East Economic Survey
VOL. XLVIII
No 36
5-September-2005
OPEC President Proposes 500,000 B/D Ceiling Rise, Saudi Arabia Ready To Lift Output
OPEC President and Kuwaiti Energy Minister Shaikh Ahmad al-Fahd al-Sabah announced on 29 August he would propose that OPEC raise its production ceiling by 500,000 b/d at its scheduled meeting in Vienna on 19 September, in a further effort to bring down high oil prices. Such a move would raise the OPEC-10 ceiling to 28.5mn b/d from the 28mn b/d ceiling...
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