No 3



OPEC Acts To Assure Markets Of Adequate Oil Supplies

MEES Editor-in-Chief Walid Khadduri Reports on the Outcome of OPECs Extraordinary Ministerial Conference in Vienna on 12 January. This report was emailed to subscribers on 13 January.

The decision by the OPEC ministers at their extraordinary conference in Vienna on 12 January to raise the production ceiling on a pro-rata basis by 1.5mn b/d to 24.5mn b/d for the OPEC 10 was an exercise to assure oil markets of...