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...