VOL. XLIII

No. 24

12-June-2000

OPEC

OPEC Assessing Market Situation

The past week started and ended with big news for the oil market, with more developments expected ahead of the extraordinary OPEC ministerial meeting in Vienna on 21 June. Initially, there were the interviews of Saudi Oil Minister Ali al-Naimi with MEES and the Saudi Press Agency (SPA) on 5 June, followed by a plethora of statements and rumors about OPEC, the price mechanism and production increases. The week ended with the IEA...