VOL. XLVII

No 15

12-April-2004

OPEC

OPEC Decision Solicits Mixed Responses From Consumers And Producers

The US Administration responded quickly and angrily to the OPEC Conference decision on 31 March that called for a reduction of the production ceiling by 1mn b/d as of 1 April. What makes the issue controversial is the fact that the race is very close between the two US leading presidential candidates, and the energy issue has become contentious in the campaign, with the US gasoline price...