Middle East Economic Survey
VOL. XLVIII
No 13
28-March-2005
CGES Sees Change In OPEC Market Policy
OPECs decision to raise output targets ahead of the second quarter (MEES, 21 March) marks a change in the organizations market management policy, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 21 March, CGES says that OPEC appears to have accepted the need for a large 2Q stockbuild in the face of surging oil demand and limited refining...
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