VOL. XLVII

No 06

09-February-2004

OPEC

OPEC Production Rollover Likely Amid Strong Demand

Stronger-than-expected oil demand over the winter and the prospect of firmer-than-forecast demand for the remainder of the first quarter mean OPEC will likely leave output on hold at its upcoming meeting in Algiers on 10 February, MEES understands. Oil prices have remained at firmer levels since the organizations decision to cut production in September 2003, and despite considerable overproduction by members...