VOL. XLVI

No 48

1-December-2003

OPEC

OPEC Set To Roll Over Production Quotas As Prices Remain High

OPEC ministers are widely expected to leave production quotas on hold when they convene their extraordinary meeting in Vienna on 4 December. The likelihood of a fresh cut in output at this meeting, aimed at forestalling oversupply and stockbuilds in the first half of 2004, has been lessened by the high oil prices seen since early October. On the other hand, sporadic calls for an increase in...