OPECs Successful Oil Price Management Set To Continue Through 2004, Says Hetco Report
After OPECs surprise decision to cut oil production by 900,000 b/d at its 24 September meeting, there is no reason to expect that bearish analyses of oil markets will prove true, in the coming two quarters or in 2004, according to a 2 October report by Hess Energy Trading Company. In the report entitled Defying Gravity? How Long Can/Will OPEC Support High Prices? Edward Morse...