VOL. XXXIX

No. 9

27-November-1995

OPEC

OPEC Rolls Over Production Ceiling As Expected But QuotaObservance Remains Major Issue

MEES Editor Ian Seymour Reports on the OPEC MinisterialConference in Vienna, 21-22 November.

As expected, at their end-year conference in Vienna, theOPEC Oil Ministers decided to roll over the Organization'scrude oil production ceiling of 24.52mn b/d and its component national quotas - but only for the first half ofnext year rather than all of 1996 as hadearlier beenregarded...