VOL. XLVI
No 30
28-July-2003
OPEC
SUPPLY/DEMAND
ABN Amro Raises 2004 Oil Price Forecast But Sees Weakness From 2005
ABN Amro has raised its oil price projection to $23/B for Brent in 2004, up from $19/B based on projections of global demand growth of 1.8% and continued success in OPECs defense of its preferred $22-28/B price band. In its 3 July report, Oil Macro 2003 And Beyond, ABN Amro said it expected to see an average Brent price of $25.50/B for the remainder of 2003 based on a slow recovery of...
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