Middle East Economic Survey

VOL. XLVIII

No 49

5-December-2005

OPEC

Oil Ministers Unruffled By Softer Prices As Call On OPEC Set Firm Through 2Q06

OPEC oil ministers chose to focus on stock cover over the last week rather than provide hints of their preferred price range, as oil prices continued to edge lower. Reinforcing comments made over the previous two weeks (MEES, 28 November), most ministers reiterated that they do not expect OPEC to make any major changes to its production policy at its...