VOL. XXXVI

NO. 46

16-AUGUST-1993

OPEC's Quota Compliance Committee Deplores Overproduction And Calls ForRollover Of Current Ceiling Through 4Q

Meeting in Vienna on 10 August, OPEC's Ministerial Monitoring Subcommittee onquota compliance has painted a grim picture of OPEC overproduction which hasundermined prices and contributed to a large stock overhang in the market. This,in the opinion of the Compliance Subcommittee, means that there will be no roomfor any increase in the OPEC output ceiling...