Middle East Economic Survey


No 26



OPEC Must Continue To Produce Flat Out, Says IEAs Mandil

OPECs decision to raise its quotas and produce more oil is beginning to calm oil markets and help build up depleted stocks, but the group must continue to produce high volumes of oil, Executive Director of the Paris-based International Energy Agency (IEA) Claude Mandil said on 21 June, according to a Reuters report. OPEC increased its quotas, which had a psychological impact and...