No. 27



Sweet Crude Demand And Kuwait Refinery Closure Keep Oil Markets Tight Despite Extra OPEC Exports

Although OPEC decided at its 21 June extraordinary conference to increase output by a total of 708,000 b/d in a bid to take the heat out of the crude oil and products markets, most crude oil prices remain high and products markets are tighter than before, because of an explosion at Kuwaits Mina al-Ahmadi refinery which halted exports to Asia. Prior to the OPEC...