Middle East Economic Survey

VOL. LIII

No 11

15-March-2010

OPEC Highlights 2Q Supply Concerns Ahead Of Ministerial Meeting

Should current production levels continue into the second quarter, OPEC supply will exceed the demand for OPEC crude by some 1.5mn b/d, warns the organizations latest Monthly Oil Market Report (MOMR). Overproduction and quota discipline will likely be a focus at OPECs 17 March meeting in Vienna, but buoyant OPEC Basket crude prices of close to $80/B and upgrades to demand...