Middle East Economic Survey


No 50



Quiet Quito Meet Set To Extend OPEC Targets, Output Down In November

OPEC ministers were expected to keep the OPEC-11s 24.845mn b/d output ceiling unchanged when they met in Quito, Ecuador, delegates signaled ahead of the 11 December meeting. The production target, set in Oran in December 2008, has already survived longer than any ceiling since the organization started setting targets in the early 1980s. And with unusually not a...