VOL. XLIV

No. 24

11-June-2001

OPEC

OPEC Opts For One-Month Wait-And-See Breathing Space Before Deciding On Replacement Of Lost Iraqi Oil Supply

MEES Editor Emeritus Ian Seymour reports on the outcome of OPECs Extraordinary Ministerial Meeting in Vienna on 5 June.

Faced as they were by the sudden stoppage of some 2.1mn b/d of Iraqi oil exports under the UN program only the day before their extraordinary meeting in Vienna, the OPEC Oil Ministers were probably wise given the erratic record of the...