VOL. XLIII

No. 47

20-November-2000

OPEC

OPEC Takes Time Out From Output Increments

Ian Seymour and Walid Khadduri ofMEES report on the outcome of the OPEC 12-13 November Extraordinary Ministerial Conference in Vienna.

OPEC now appears to have taken time out what Saudi Oil Minister Ali al-Naimi has called a breather from any new oil supply increment pending an assessment of the time-lagged market impacts of earlier production increases. In this context, the OPEC Oil Ministers have decided to meet...