VOL. XLVI

No 31

04-August-2003

OPEC

OPEC Again Leaves Quotas Unchanged But Future Challenges Loom

Walid Khadduri and Bill Farren-Price of MEES report from Vienna:

For the second time in under two months, OPEC ministers agreed at their extraordinary meeting in Vienna on 31 July to keep production quotas steady, with continuing firm prices towards the top of the groups preferred $22-28/B price band and a slower-than-expected resumption of Iraqi exports removing the need for any adjustment in the...