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OPEC ministers likely to confront Venezuela about output at next meeting, source says.
The Oil Daily
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November 3, 1995|
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COPYRIGHT 1995 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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The atmosphere is likely to be extremely tense when OPEC ministers gather in Vienna Nov. 21.
Acrimonious debate over the contentious issue of quota definition threatens to mar an otherwise straightforward session at which the group is widely expected to roll over its 24.52 million b/d production ceiling -- in place since September 1993.
Iranian oil minister Gholamreza Aghazadeh already has pledged to reopen the quota definition argument, though other key OPEC members are loath to discuss the semantics of wellhead production vs. supply to the market.
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