Middle East Economic Survey

VOL. XLVII

No 49

6-December-2004

Sharp Price Falls Temper Expectations For OPEC Quota Rollover In Cairo

Heavy price falls across the energy futures complex last week including on 2 December the biggest one-day fall in prices since 1991 have challenged conventional expectations that OPEC oil ministers will agree to leave production on hold when they meet in Cairo on 10 December. While most ministers have indicated to date that they were unlikely to support any move to...