VOL. XXXV

NO. 38

22-JUNE-1992

OPEC

OPEC Will Supply 3Q Market Needs Despite Vienna Decision, Says CGES

OPEC's recent decision to roll over its production ceiling for the thirdquarter was both unexpected and misguided, according to the London-based Centrefor Global Energy Studies (CGES). In the 17 June issue of its Monthly OilReport, CGES argues that since the oil industry requires higher crude productionin the third quarter in order to build product stocks before the winter, thereare grounds for...