VOL. XLIV

No. 26

25-June-2001

SUPPLY/DEMAND

World Needs More Oil From OPEC In Third Quarter Says CGES

Whatever the oil market uncertainties caused by the suspension of Iraqs oil exports and the continuing global economic slowdown, there is no doubt that the world will need more oil from OPEC in the third quarter, according to Londons Centre for Global Energy Studies (CGES). In its latest Monthly Oil Report, published 18 June, CGES says: "Refinery runs in Europe and Asia are set to increase by...