VOL. XLIV

No. 05

29-January-2001

SUPPLY/DEMAND

Crude Prices Decline On Positive US Stocks Data And Resumption Of Iraqi Exports

As markets digested announcements of planned export cuts by OPEC producers (for details, see below), crude prices on the NYMEX and IPE exchange declined this week on evidence that the US stocks situation was not as dire as had been feared and on reports that loading of Iraqi crude oil for export had resumed, with deliveries for January expected to be double those for...