OGJ NEWSLETTER

Is OPEC's rollover of quotas an invitation to cheat? That's the concern Centre for Global Energy Studies (CGES), London, has. It cites the sharp drop in oil prices since the group opted to keep its production ceiling at 23.582 million b/d despite Kuwait's pledge to disregard its quota. Kuwaiti Oil Minister Ali Ahmed al-Baghli turned down a 10% increase from a 1.6 million b/d second quarter quota, saying Kuwait will jump flow to 2.16 million b/d in the third quarter (OGJ, June 21,

Jun 28th, 1993
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