No 5



ABN AMRO Sees Continuing Crude Price Support From Iraq And Venezuela

The outlook for the oil market has changed dramatically over the past few weeks because the Venezuelan strike has severely affected supplies, according to ABN AMRO. In the 2003 Outlook report published on 15 January, ABN AMRO analysts Paul Nicol, Luke Johnson, Myles McDougall, Ann Gjoen, Chris Grudniewicz and David Martin say: It will take time for inventories to recover to more normal levels...