VOL. XLIV
No. 27
2-July-2001
OPEC
OPEC Rollover A Certainty As Demand Falters
Crude oil prices fell sharply last week for two reasons: a realization that major economies are now actually in recession rather than just undergoing a slowdown; and continued US gasoline stockbuilding due to unexpectedly weak demand. If prices remain at or below their current levels there is no chance that OPEC will raise production targets at its extraordinary meeting in Vienna on 3 July. While the call on OPEC crude...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!