Middle East Economic Survey
VOL. XLVII
No 36
6-September-2004
OPEC
Khelil Sees Oil Prices Staying Firm Until Early 2005 Despite Extra Production
Despite steady increases in OPEC production over recent months, Algerian Oil Minister Chakib Khelil on 30 August sounded a warning note that oil prices would likely stay high relative to OPECs preferred $22-28/B price band for several months. We should expect prices to remain fairly high compared with our $22-28/B price band at least until early 2005, he...
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