VOL. XLV

No 27

8-July-2002

OPEC

Dwindling Volumes Force Moves To ProtectAsia And Europe Benchmark Crudes

Dwindling volumes ofthe crudes used as pricing benchmarks for the Asian and European oil marketsare forcing major players to bolster supplies in a bid to decrease the risk ofprices being vulnerable to manipulation. MEES learns that decliningproduction levels have led Petroleum Development Oman (PDO) to rethink itsreservoir depletion methodology, and that volumes of Dubaicrude continue to...