VOL. XXXVII
NO. 8
22-NOVEMBER-1993
OPEC
Current OPEC Ceiling Not Too High, Says CGES
So far there is no compelling evidence from the market fundamentals tosuggest that OPEC's current output ceiling is too high, according to theLondon-based Centre for Global Energy Studies (CGES). In the latest (15November) issue of its Monthly Oil Report, CGES still expects the call on OPECcrude supply (excluding stocks) to amount to around 25.5mn b/d and 26.0mn b/d in4Q 1993 and 1Q 1994 respectively. This implies...
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