VOL. XLIV
No 48
26-November-2001
OPEC
BudgetOil Price Assumptions Trend Lower For OPEC And Non-OPEC Producers
Moreoil producing countries have announced downward adjustments to their budgetaryoil price assumptions as the prospects of a global recession grow and OPECawaits production cooperation from non-OPEC producers, particularly Russia (seepage A1). Mexico announced earlier in the year that it expected crude oilexports to average $17/B in 2002 (compared to the estimated $19/B averageexpected...
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