Middle East Economic Survey
VOL. LIII
No 6
8-Feb-2010
Cold Snap Stimulates OPEC Supply Spurt
Unusually cold weather in the northern hemisphere appears to have held OPEC crude supply firmer than OPECs own supply/demand figures would warrant, the latest MEES output data indicates. January OPEC output appears little changed from December at more than 29mn b/d, despite a projected 600,000 b/d fall in the call on OPEC crude from last quarter to this quarter in the groups last Monthly Oil Market Report...
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