Middle East Economic Survey

VOL. XLVIII

No 51

19-December-2005

OPEC CONFERENCE

OPEC Ministers Defer Decision On Output Until 31 January

Gerald Butt reports from the 138th (Extraordinary) Meeting of the OPEC Conference in Kuwait on 12 December.

OPEC ministers entered their meeting at the Kuwait Sheraton with indications that they were content with the current crude oil price and supply/demand balance and, therefore, would agree to leave output quotas unchanged for the time being. And they later...