VOL. XL

No. 26

30-June-1997

OPEC

OPEC Rolls Over Quotas As Expected But AlsoAims for Reductions In Actual Production

MEES Editor Ian Seymour Reports on the OPEC Ministerial Conference in Vienna, 25-26 June

On the surface at least, the outcome of the OPEC ministerialconference in Vienna followed the advance billing (MEES, 23 June) pretty closely:rollover of the OPEC production ceiling of 25.033mn b/d and its component quotas foranother six months, combined with an expression of renewed commitment...