No 47



OPEC Faces Dilemma Over Supply Levels At December Meeting, Says CGES

OPEC will face a dilemma at its extraordinary meeting in Vienna on 4 December, with high oil prices indicating that supply levels should be maintained but a weaker demand outlook suggesting a new pre-emptive cut, according to Londons Centre for Global Energy Studies (CGES). In its latest Monthly Oil Report, published on 17 November, CGES says: If OPEC wants to keep prices in the...