No. 15



Middle East Producers Raise Output Following OPEC Agreement

Following the recent OPEC decision to reverse the 1.7mn b/d production cut of March 1999, MEES understands that most Middle Eastern producers have been asking crude oil customers to renominate their delivery volumes for April. As of press time on 7 April it was not clear how many customers would receive 100% of their contracted volumes for the first time in 12 months from the volumes released under...