VOL. XLIV
No 48
26-November-2001
OPEC
Russian IndecisionCounters Non-OPEC Moves To Revive Oil Prices
Promisesof production cuts by non-OPEC producers Norway, Mexico and Oman gave a boostto crude oil prices last week, after the previous weeks steep decline. Yet themomentum was halted by Russia opting on 23 November to continue talking ratherthan follow suit and make a serious cut. Prices fell when the news wasannounced; however promise of a further meeting to discuss cuts in 2002 willprobably...
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