VOL. XLIV

No. 08

19 February 2001

OPEC

OPEC Monitors US Demand Prior To March Meeting

With the slowing US economy and seasonal patterns expected to cause a reduction in demand for crude oil in the second quarter, OPEC oil ministers have been calming market fears of a further production cutting agreement when OPEC meets on 16 March to review its output targets. Venezuelas Oil Minister Alvaro Silva told reporters on 9 February that it was too early to tell whether OPEC would need to cut oil...