No 43



OPEC Unlikely To Raise Quotas In December, Says CGES

OPEC is likely to leave quotas unchanged when ministers meet again in December, unless prices soar in the meantime, according to Londons Centre for Global Energy Studies (CGES). In the latest edition of its Monthly Oil Report, published on 21 October, CGES says that the oil market is tightening for fundamental reasons, while uncertainty over US-led military action in Iraq is adding further support to prices....