VOL. XLV

No 11

18-March-2002

OPEC

No Changes Expected At OPEC Meeting As Iraq Jitters Keep Prices Buoyant

As OPECs ordinaryministerial meeting got under way in Viennaon 15 March, the outcome was widely expected to be a rollover of currentproduction quotas in the face of continuing weak crude demand. Russiawas expected to extend its own curbs until the end of June, in line with theOPEC/non-OPEC accord operating since 1 January (MEES, 7 January). Despitefurther evidence of demand weakness provided...