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...
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