VOL. XLIII

No. 16

17-April-2000

OPEC

IEA Commends OPECs Soft Landing For Oil Prices But Calls For More Output

OPEC appears to have engineered a relatively soft landing for crude oil prices, according to the International Energy Agency (IEA), with dated Brent falling by $7/B in the three weeks prior to the March OPEC meeting and by a further $2/B since. In the April issue of its Monthly Oil Market Report, the IEA says that forward price curves are flattening, encouraging refiners to increase...