VOL. XLVI

No 15

14-April-2003

SUPPLY/DEMAND

Demand And OPEC Output Will Drive Crude Market Near Term, Says DrKW

The consensus view that oil prices can be sustained at $20-22/B for Brent crude in the longer term is not viable, according to Dresdner Kleinwort Wasserstein (DrKW). In the Oil and Gas Sector report of 26 March, DrKW analysts led by Paul Spedding identify two likely scenarios: OPEC keeping its basket crude price in the $22-28/B range through production cutbacks, implying a Brent price...