Middle East Economic Survey
VOL. XLVIII
No 38
19-September-2005
OPEC Quota Hike Up For Debate But Oil Markets Seen Well Supplied
Recent pronouncements by OPEC officials have made it clear that the organization is ready to do whatever is required to bring stability back to oil markets in the wake of Hurricane Katrina and the ensuing price spike that saw crude hit new records above $70/B. OPEC President and Kuwaiti Energy Minister Shaikh Ahmad al-Fahd al-Sabah announced on 29 August he would propose...
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