VOL. XLVI
No 30
28-July-2003
OPEC
OPEC Unlikely To Change Output Quotas
The fall in oil prices over the last week has seen the OPEC basket price fall back to within the organizations preferred $22-28/B price band and as a consequence, OPEC ministers are now thought unlikely to feel any pressure to change production targets at their upcoming extraordinary meeting in Vienna on 31 July. After ten weeks of gently rising oil prices, this weeks market readjustment comes at just the right time for OPEC...
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