VOL. XLVI

No 24

16-June-2003

OPEC/IRAQ

OPEC Leaves Quotas On Hold As Iraq Remains Unknown Quantity

Walid Khadduri and Bill Farren-Price ofMEES report on the Extraordinary OPEC meeting held on 11 June in Doha.

OPEC ministers agreed to leave the organizations production quotas on hold at their meeting on 11 June in Doha, reflecting satisfaction within the group that oil prices remained comfortably within the organizations preferred price band and ongoing uncertainty about prospects for sustained...