Middle East Economic Survey
VOL. LIII
No 7
15-Feb-2010
OPEC Report Highlights Necessity Of Tight Quota Discipline
OPEC will have to rein back production if it wants to avoid an output surfeit that could pressure prices, supply/demand balances in the latest Monthly Oil Market Report (MOMR) show. Despite downgrades to its projections for non-OPEC supply growth, the MOMR estimates demand for OPEC crude will fall 650,000 b/d from the fourth quarter to this quarter and a further 800,000 b/d in the...
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