Middle East Economic Survey
VOL. LIII
No 38
20-Sep-2010
OPEC Comfortable With Current Prices
OPEC is aware of the market issues of high stocks and poor compliance but nevertheless is comfortable with prices, currently in the $70-80/B range, the groups Secretary-General 'Abd Allah al-Badri told reporters at a 14 September press conference to mark OPECs creation.
We are not really having good [quota] compliance. Last month it was 53%. But it is not having an impact on prices, Mr Badri said. We see...
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