VOL. XLVI

No 31

04-August-2003

OPEC

SUPPLY/DEMAND

OPEC Caution On Output Due To Uncertainty On Iraqi Exports, Says SG Report

The uncertainty surrounding the resumption of Iraqi exports has led OPEC to over-react in managing its supply, according to a report issued on 25 July by SG Economic Research. Now that Iraqi authorities have confirmed that exports will not exceed 1.5-2mn b/d before the end of the year, OPEC has plenty of time to readjust its production so as to bring prices lower, the report,...