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...