VOL. XLIII

No. 46

13-November-2000

OPEC

Lukman Tells Conference How OPEC Would Arrange Production Cutbacks If Demand Falls

OPECs spare production capacity amounts to 2-2.5mn b/d, which should be enough to cover any crude oil shortages in the near term, according to Dr Rilwanu Lukman, the OPEC Secretary-General. Dr Lukman told reporters attending the Middle East/Caspian oil conference in Tehran on 4 November (for conference report, see page A5) that OPEC anticipates that annual global economic...