VOL. XLV

No 16

22-April-2002

SUPPLY/DEMAND

CGES Warns Of 1Mn B/DHole In Oil Supplies

OPEC will need to increase production at its extraordinarymeeting on 26 June, irrespective of any disruption to supplies, because thereis growing demand for its crude, according to Londons Centre for Global Energy Studies(CGES). In its Monthly Oil Report published on 15 April, CGES says that OPECslast round of output cuts created a 1mn b/d hole in oil supplies that isslowly moving downstream, reducing the volume...