VOL. XLIV
No. 25
18-June-2001
IRAQ
Iraqi Export Halt Focuses Attention On OPEC Capacity
Iraqs halting of crude oil exports is not expected to affect markets in the short-term, but if Baghdad carries out its threat to maintain the stoppage for some time as is expected prices will become increasingly determined by OPEC production capacity. With average daily demand expected to rise sharply in the third quarter and to rise even further in the fourth quarter the International Energy Agency (IEA)...
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