VOL. XLIII

No. 48

27-November-2000

OPEC

CGES Says Crude Market Is Tighter Than OPEC Thinks

OPEC remains convinced that the market is well supplied with oil, despite stubbornly high prices, yet the market is tighter than OPEC thinks, according to Londons Centre for Global Energy Studies (CGES). In its latest Monthly Oil Report, published 20 November, CGES says crude prices are unlikely to be low enough by the end of March to prompt a cut in OPEC production, even though the organization may need to...