VOL. XLIV

No. 09

26-February-2001

OPEC

OPEC Takes Proactive Stance To Maintain OPEC Basket Crude At $25/B

Growing speculation about a potential production cut at the next OPEC meeting on 16 March is evidence that OPEC is not only taking a proactive stance in maintaining the OPEC basket crude price at about $25/B, but also that the organization is playing speculative investors at their own game. MEES learns from authoritative sources that OPEC may very well cut production at the meeting if prices...