VOL. XLIV

No 43

22-October-2001

OPEC

OPEC Faces A Challenging Week

Crude oilprices declined by more than $1/B last week, as OPEC continued consultationsamong member states and non-OPEC producers and as traders weighed further mixedsignals from demand data. Many of last week's OPEC headlines concerned meetingsof the organizations ministers to discuss the market, as well as VenezuelanPresident Hugo Chavezs continuing tour of producer and consumer states topromote price-bolstering initiatives....