VOL. XLVI

No 17

28-April-2003

SUPPLY/DEMAND

CGES Estimates 2Q Call On OPEC Oil At 24Mn B/D

The zero-stockchange call on OPEC crude is expected by Londons Centre for Global Energy Studies (CGES) to average about 24mn b/d in 2Q03, which is 2.2mn b/d lower than during 1Q03. In its latest Monthly Oil Report, published on 14 April, the CGES said: In March, production by the ten members other than Iraq reached 26.3mn b/d, according to CGES estimates. Oil stocks in consuming countries need to be rebuilt,...