VOL. XLV
No 21
27-May-2002
OPEC
OPEC Faces Shrinking Market For ItsCrude At $25/B, Says CGES
Unless global demandpicks up significantly, OPEC faces a shrinking market for its oil if it remainsdetermined to defend a $25/B OPEC Basket price, according to the London-based Centrefor Global Energy Studies (CGES). In its latest Monthly Oil Report,published on 20 May, CGES says that OPEC appears unlikely to increase outputtargets at its June meeting, arguing that high oil prices reflect a political...
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