VOL. XLV

No 12

25-March-2002

OPEC

OPEC Keeps All Options Open On VolumeAnd Price

MEES Editor Emeritus Ian Seymour reports on theoutcome of OPECs ministerial conference in Vienna on 15 March.

As had been widelyexpected, at their Viennaconference on 15 March the OPEC Oil Ministers decided to leave present crudeproduction quotas unchanged, thereby keeping all their options open to face afuture full of deeply problematic uncertainties. Meanwhile, according to theconferences 15 March press release, the...