VOL. XLVII
No 20
17-May-2004
SAUDI ARABIA
Saudis Signal Change In OPECs Course To Meet New Realities
OPEC states face an unprecedented combination of complicating factors as they seek to formulate policy for the months ahead. Over recent months, OPEC policy has been influenced by unanimous predictions of a demand shortfall in 2Q 2004. Now, with those predictions proving to have been off-mark, Saudi Arabia has signaled its intent to change the organizations course to confront the new realities. The...
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