Middle East Economic Survey


No 39


OPEC In Good Shape At 50th Anniversary, Says CGES

OPEC is in a comfortable position at its 50th anniversary, the Centre for Global Energy Studies (CGES) said in its latest Monthly Oil Report (MOR), released on 20 September. CGES remarked that OPEC exhibited a rare degree of cohesion over the last two years, pulling together at the start of 2009 to cut overall production by 12%, taking more than 3.5mn b/d off the market over a few months. The...