Middle East Economic Survey


No 6


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...