VOL. XLII

No 46

15-November-1999

OPEC

Oil Exporters Favor Possible Extension Of Pledged SupplyCuts Beyond March 2000 But No Agreement Reached As Yet

With Dated Brent rallying to more than $25/B last week albeit, perhaps, in an overly trader-manipulated market and the InternationalEnergy Agency (IEA) announcing the first solid evidence of a potentiallymassive oil stockdraw (see page A9), the oil exporters would seem to havelittle to worry about on the price front. Yet support appears to be...