No 44

29 October 2001


OPEC Adheres ToQuotas Ahead Of 14 November Meeting

There are strong indications that OPEC producers aretightening their adherence to quotas, as intensive consultations continue betweenOPEC and non-OPEC producers. Meanwhile, crude prices held their ground lastweek, despite US weekly data showing that inventories had built further duringthe previous week. In the absence of any firm indications of demand recovery inthe current stagnant economic climate, it...