Middle East Economic Survey

VOL. XLVII

No 22

31-May-2004

Ait Laoussine Sees Disturbing Parallels Between OPECs 1997 Jakarta And Upcoming Beirut Meetings

The following commentary was written for MEES by Nordine Ait-Laoussine, Nalcosa, Geneva.

If the recent Saudi proposal for a substantial increase in OPEC production receives the backing of the forthcoming extraordinary ministerial conference in Beirut, it will certainly achieve its intended objective to ultimately bring crude oil prices down. The...