No 12



CGES Reports OPEC Incremental Production At Sea And In Producers Storage

Despite surging oil production from OPEC, relatively little of this additional output appears to have reached the market, according toLondons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 14 March, CGES says: It is either still en route or in producer storage. OPEC, fearing a price collapse, wants to forestall a release of strategic stocks by the IEA...