VOL. XLVI
No 18
05-May-2003
SUPPLY/DEMAND/OPEC
Call On OPEC Higher Than Markets Think, Says Merrill Lynch
The fall in crude prices in the wake of the 24 April OPEC meeting was based on an underestimate of underlying oil demand, according to Merrill Lynch analysts. In the Morning Energy Note report of 28 April, Merrill Lynch Vice Presidents Michael Rothman and Steven A Pfeifer write: Oil prices moved lower in overnight trading and on the London IPE this morning partly on assessments (which we don't...
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