VOL. XLIV

No. 20

14-May-2001

OPEC

OPEC Calms Market As Crude Prices Respond To US Gasoline Fluctuations

OPEC ministers statements indicate that the organization appears increasingly likely to roll over its current production agreement at the extraordinary ministerial meeting in Vienna on 5 June, with increases likely later in the summer when demand builds ahead of winter. The tight US gasoline market continued as the prime mover of crude markets last week, with news of yet another refinery...