VOL. XLV

No 15

15-April-2002

OPEC

OPECNeeds Fair Oil Price For Capacity Expansion, SaysRodriguez

OPECmembers need a fair and stable crude oil price to secure adequate income forinvestment in capacity expansion, according to the organizationsSecretary-General, Ali Rodriguez, in a keynote speech to the 10th AnnualMiddle East Petroleum & Gas Conference in Doha on 8 April. Our latest projections see world oil demandrising from around 76mn b/d in 2000 to 106mn b/d in 2020, he said. While therewas...