VOL. XLVI
No 23
9-June-2003
OPEC/IRAQ
Impact Of Iraqi Oil Export Resumption Overstated, Says HETCO
Oil market analysts have overly stressed the impact of a return of Iraqi exports to the market and the ability of the market to absorb the extra barrels, according to a report entitled The OPEC Obsession by Edward Morse of Hess Energy Trading Company (HETCO) on 2 June. Describing the issue of 3Q OPEC output as something of a market obsession, the report argues that, by and large, analysts have...
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