VOL. XLV

No 25

24-June-2002

OIL PRICES

OPEC Rollover Would ThreatenDemand Growth, Says CGES

OPECsintended rollover of oil production quotas at its 26 June meeting may maintainthe OPEC Basket price at around $25/B, but would threaten demand growth,according to Londons Centre for Global Energy Studies (CGES). In its latest MonthlyOil Report, published on 17 June, CGES says that a short-term price targetrather than stimulating demand growth has become the priority of all OPECmembers: By keeping...