VOL. XLIV

No. 29

16-July-2001

OPEC

Bush Administration Endorses$25/B OPEC Basket Oil Price Target

In what appears to be anunprecedented endorsement of OPECs policies, the US administration haswelcomed the current period of relative oil price stability and has evenexpressed support (of a kind) for the current OPEC basket price of some $25/B.White House spokesman Ari Fleischer told reporters on 3 July that we seestability in the OPEC pricing structure right now with approximately $25/B. The...