VOL. XLV

No 38

23-September-2002

OPEC

OPEC Decides To Wait And See

MEES Editor-in-Chief Walid Khadduri reports on the OPEC Ministerial Conference held in Osaka, Japan on 19 September.

While on the face of it OPEC oil ministers agreed at their19 September ordinary conference in Osaka to sit it out and roll over thepresent volume of production (quotas plus excess production) they are currentlyputting into the market, the fact of the matter is that the organization isintent on monitoring market...