Middle East Economic Survey
VOL. XLVII
No 29
19-July-2004
OPEC
August Ceiling Increase To Go Ahead After OPEC Cancels July Meeting
The 500,000 b/d August increase in the OPEC oil output ceiling approved in the 3 June meeting in Beirut will go ahead as planned after OPEC ministers agreed to cancel their extraordinary meeting that had been scheduled to take place in Vienna on 21 July. The increase, which will take the OPEC-10 ceiling to 26mn b/d, is the second step of a two-stage increase under...
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