VOL. XLV
No 33
19-August-2002
OPEC
OPECs Growing Dilemma
OPEC must soon face up to the long-term challenges which are threateningits pricing strategy, according to a report by Mehdi Varzi of Dresdner Kleinwort Wasserstein (DRKW) Researchentitled Oil Prices Short-Term Strength Masking Longer-Term Weakness. Mr Varzi observes that OPEC decision-making in recent yearshas maximized near term revenues by maintaining prices with the $22-28/B range.However a combination of weak demand growth, strong...
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