OPEC Likely To Raise Output In September If Fundamentals Keep Firming
OPEC is likely to increaseproduction quotas at its ordinary ministerial meeting in September if currentmarket recovery continues, MEES understands. The organization is keen toensure ample crude supplies for 4Q02 and 1Q03, when seasonal demand istypically at its highest. There is not yet a consensus among ministers aboutthe size of the potential output increase. The decision about whether or not...