OPEC's MMC WARNS OF INHERENT WEAKNESS IN OIL MARKET
MEES Executive Editor Ian Seymour Reports from Geneva
Despite the relative degree of price stability prevailing since the end of January, the oil market remains "inherently weak" and it is essential that OPEC member countries should strictly observe their 16mn b/d crude oil production ceiling if fresh trouble is to be avoided in the second and third quarters. That, in a nutshell, was the main message emanating from the...
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