No. 21



OPEC Mulls Production Levels For 3Q

Despite the fact that senior OPEC officials continue to state that no production increase is likely at OPECs 5 June extraordinary meeting, MEES understands that no decision will be made before the gathering in Vienna. The ministers will make the decision on whether or not to increase production based on a number of factors: inventories, supplies, prices and projections for third quarter crude oil demand.

Like last year, crude...