UK BACKING FOR NEW OPEC OIL PRICE STRUCTURE NOW APPEARS LIKELY
MEES Executive Editor Ian Seymour Reports on OPEC's Geneva Conference, 28-30 January Despite the split decision, OPEC's majority agreement on a new price structure for differentials looks like getting a thumbs up both from the market and key non-OPEC oil exporters. For the moment the ball is squarely in the North Sea court, and here - at least as far as the UK is concerned the indications are fairly encouraging. Although...
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