VOL. XLV

No 6

11-February-2002

OILPRICES

Market Taut ButDemand Data And US Lawsuit Are Bad News For OPEC

Crudeprices declined slowly last week as the market remained quiet pending thearrival of a new demand forecast from the International Energy Agency (IEA).Although other data showed demand was still not recovering, reports from Norwayand Russia suggested major cuts were being made under the OPEC/non-OPEC accord.So firm have most parties to the accord been in implementing cuts that a UScontract...