Middle East Economic Survey
VOL. XLVIII
No 39
26-September-2005
OPEC Rebuffs Political Criticism With 2Mn B/D Spare Capacity Pledge
Bill Farren-Price reports from Vienna.
OPEC oil ministers meeting in Vienna on 20 September offered consumers 2mn b/d of spare oil production capacity from 1 October for three months as a token of the organizations commitment to market stability and as a direct rebuff to the rising tide of criticism from consumer countries in recent days (MEES, 19 September). With...
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