Middle East Economic Survey
VOL. LIV
No 3
17-Jan-2011
OPEC/SUPPLY/DEMAND
OPEC Output Hits Two-Year High In Response To Price Surge
OPEC responded to rising oil prices in December by hiking production to the highest levels in two years. But continued rising prices into January suggest that increased output has been a little too little, a little too late, notes one analyst. And the latest shipping data points to a fall in output in January.
December output stood at some 2mn b/d over the...
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