Middle East Economic Survey

VOL. LIII

No 19

10-May-2010

OPEC-11 Output Hit 16-Month High In April

Quota discipline from the 11 OPEC members that participate in production deals frayed further in April, with production hitting the highest level since the organizations December 2008 Oran meeting, the latest MEES figures show. Only a poor showing from Iraq, where a combination of low southern liftings, sabotage-induced disruptions to northern exports and labor unrest at refineries pushed production...