VOL. XLIII

No. 39

25-September-2000

OPEC

Further OPEC Crude Too Late To Ease Prices, Says CGES

While the supply/demand balance for oil products remains tight, the crude oil market is slowly returning to equilibrium, according to Londons Centre for Global Energy Studies (CGES). In its Monthly Oil Report published on 18 September, CGES attributes the rebalancing to more oil heading for refining centers following OPECs 1.3mn b/d output increases between June and October. However, the report warns...