OPEC-10 Crude Requirement Down 1-2Mn B/D In 2004, Says ABN AMRO
The call on OPEC-10 crude is expected to be 23.5-24.4mn b/d in 2004, which is 1.0-2.0mn b/d below current output levels, according to ABN AMRO. In the report Oil Marco 2004 and Beyond, published on 8 January, ABN AMRO analysts Peter Nicol, John Hancock, Chris Grudniewicz and David Martin write: Without supply disruptions, a cold northern hemisphere or Chinese strategic stockpiling, OPEC...
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