No. 14



OPEC On Alert To Head Off Potential Crude Price Decline

Market forces have settled into an uneasy balance, with the upward pressure on crude prices from expected US gasoline market tightness in the summer being countered by downward pressure from forecast demand weakness and growing industry stocks. With some Gulf producers still not having made their intentions clear following the 17 March OPEC decision to reduce output further by 1mn b/d, crude trading on...