Arab Gulf members aim for higher target

摘要

Opec's Mideast Gulf Arab members are likely to push to raise the group's output target in Vienna on 8 June. Arab Gulf producers want the output ceiling to reflect actual higher production, Opec delegates tell Argus. "The majority of Opec producers right now believe that it is the duty of Opec to supply the market with needed oil if they can," a delegate says. "Secondly, there is a big gap between actual production within Opec - without Iraq and Libya - and the Opec quota," he says.