VOL. XLIII
No. 35
28-August-2000
OPEC
Clinton Highlights The Question Of OPECs Excess Capacity
US President Bill Clinton warned last week that the current high level oil prices would depress demand and suggested that a price in the "low to mid 20s is a more sustainable level," while at the same time questioning "whether the OPEC nations can increase their production." The European Union has also expressed concern about high price levels and asked OPEC to raise production. MEES soundings indicate...
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