No. 13



OPEC Embarks On Additional 1Mn B/D Quota Supply Cutback To Sustain Target Price In 2Q

Ian Seymour and Walid Khadduri of MEES report on the outcome of OPECs 16-17 March Ministerial Conference in Vienna.

Faced with the specter of an oversupplied market in combination with crumbling oil prices in the second quarter of this year, the OPEC Oil Ministers took a preemptive decision in Vienna to implement a further reduction of 1mn b/d some 4% across-the-board as...