Middle East Economic Survey
OPEC Avoids Rocking The Boat With Seventh Straight Rollover
OPEC ministers meeting in Quito, Ecuador on 11 December kept their 24.845mn b/d output target unchanged. The decision, widely expected, marks a record seventh consecutive rollover decision and comes amid continued firm $85/B OPEC Basket prices.
OPECs policy, as it has been ever since prices recovered in the wake of the production cut announced in Oran in...