No. 17

24 April 2000


Middle East Producers Allocate Volume Increases To Customers For May Deliveries

Middle Eastern producers have offered different increases in delivery volumes for May to different crude oil customers, following last months decision by OPEC to reverse the 1.7mn b/d production cutback agreement of March 1999. MEES soundings indicate that the regions producers have taken a variety of decisions on how to allocate volume increases, as the additional exports...