Harry Tchilinguirian, senior oil analyst with BNP Paribas S.A. in London suggests that Opec is more likely to concentrate on member compliance with exisiting oil production quotas, rather than attempting to impose further cuts.
This is a particularly sensitive time for OPEC, when OPEC members are being hurt by drastic cuts in expected revenues and the rest of the world is looking for a low oil price to help it climb out of the global economic recession.
