Middle East Economic Survey

VOL. XLVIII

No 48

28-November-2005

OPEC

OPEC Unlikely To Change Output Stance In Kuwait As Market Seen Well Balanced

OPEC is unlikely to change its present stance on oil production at its upcoming meeting in Kuwait on 12 December, with major producers viewing the market as reasonably well balanced, MEES understands. Although there are some indications of a global stock build in crude, there is not enough evidence for now to justify a cut in production ahead of the second...