VOL. XLIV

No. 04

22-January-2001

OPEC

CGES Says OPEC Production Cut Will Damage Global Economy

To avoid a serious slowdown in economic growth the world needs oil prices below $20/B, so OPECs production cutbacks aimed at maintaining crude at $25/B could further damage economies already hit badly by last years high crude prices, according to Londons Centre for Global Energy Studies (CGES). In its latest Monthly Oil Report, published on 15 January, CGES says that OPEC has been lulled into a false...