Cold comfort in Vienna as Opec faces output calls. (31-JAN-06) Europe Intelligence Wire

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Cold comfort in Vienna as Opec faces output calls.

Publication: Europe Intelligence Wire

Publication Date: 31-JAN-06

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(From Lloyds List)

Byline: Martyn Wingrove

OIL ministers from the world's leading crude exporters meet in chilly Vienna today to discuss second-quarter production levels, which many feel will remain unchanged.

With oil prices remaining above $65 a barrel, the Organisation of Petroleum Exporting Countries is negotiating output quotas.

Most analysts think the cartel will keep production volumes at around 30m barrels...

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