VOL. XLVI
No 39
29-September-2003
OPEC
OPEC Preempts Potential Stockbuild With Surprise 900,000 B/D Oil Supply Cut
Walid Khadduri and Bill Farren-Price of MEES report on the scheduled 127th meeting of the OPEC Conference in Vienna.
OPEC ministers agreed to cut oil production by 900,000 b/d at their scheduled 24 September conference in a surprise move aimed at preempting a potential contra-seasonal stockbuild in the fourth quarter and maintaining prices in the top half of the OPEC $22-28/B price...
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