VOL. XLIV

No 46

12-November-2001

OPEC

OPEC To Consider CutOf Up To 1.5Mn B/D As Price Slide Becomes Critical

Thecrude oil price slide which began at the end of October gathered pace earlylast week pushing December Brent crude futures down to settle at a two-year lowof $19.07/B on 6 November as concern about slowing global economic growth andongoing downward revisions to medium term oil demand continued to undercutmarket sentiment. However, reports that several key OPEC ministers, includingSaudi...