VOL. XXXVII
NO. 34
23-MAY-1994
OPEC
OPEC's Production Restraint Is Paying Dividends, Says CGES
OPEC's prolonged period of production restraint is beginning to paydividends, according to the latest Monthly Oil Report (MOR) published by theLondon-based Centre for Global Energy Studies. Oil prices rose strongly over thelast month, fuelled by low stocks, fund managers switching into oil and concernsabout Yemen. Although some feel that prices have risen too quickly and that themarket may be due for a...
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