OPEC oil increase may be small
Saudi Arabia and its Gulf Arab allies may struggle to push through more than a cosmetic increase in oil supplies at a meeting of the OPEC cartel this week. Worried that crude prices are undermining economic growth, producers including Kuwait and the United Arab Emirates, favour an increase in output when the Organisation of the Petroleum Exporting Countries (OPEC) meets tomorrow. But delegates gathering in Vienna say that a deal to do more than close the gap between OPEC’s out-of-date official production target and actual supplies could prove difficult.