Middle East Economic Survey
VOL. XLVIII
No 5
31-January-2005
OPEC Price Target Now Near $40/B, Claims CGES
OPEC has abandoned the $22-28/B target price band for its basket of crudes and is now aiming for prices close to $40/B, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 24 January, CGES says: Whatever their public stance, every member of the organization is seeking to maintain the price of the OPEC basket of crudes well above $28/B...
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