Middle East Economic Survey


No 22



OPEC To Discuss Surge Production In Beirut To Counter High Oil Prices

The persistent rise in oil prices above $40/B indicates that there is going to be no easy fix to the market crisis unless there are major changes in policy by all players involved. However, MEES understands that OPEC members are committed to producing as much oil as is needed to satisfy the market and are, as such, looking at proposals to raise the output ceiling by...