VOL. XLVII

No 13

29-March-2004

OPEC

Oil Demand Fall In 2Q To Be Smaller Than OPEC Expects, Says CGES

Oil demand continues to be underestimated, with the market being much tighter than IEA and OPEC supply/demand balances suggest, according to the Centre for Global Energy Studies (CGES). In its latest Monthly Oil Report, published on 22 March, CGES warns: OPECs pre-emptive move on quotas in February indicates that the organization is seeking to prevent oil prices from falling much below $28/B [for...