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...
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