VOL. XLIV

No 48

26-November-2001

SUPPLY/DEMAND

CGESSees Brent At $17/B in 1H02 On Current Supply Levels

LondonsCentre for Global Energy Studies (CGES) believes that oil prices will stabilizeat about $17/B for Brent in the first half of 2002 if current global supplylevels are maintained, despite warnings from OPEC members that prices couldcollapse without a 2mn b/d cut in global supplies. In its latest Monthly OilReport, published 19 November, CGES says that oil inventories are not highenough to...