NO. 42



Iraqi-UN Oil Talks Mean Bad News For OPEC, Says CGES

Iraq's move to reopen oil sales talks with the UN could hardly have come at aworse time for OPEC, according to the Monthly Oil Report published by theLondon-Based Centre for Global Energy Studies (CGES). A commentary in the 12July issue of the CGES report has the following to say about the potentialimpact of a possible resumption of Iraqi oil exports on OPEC and the oilsupply/demand outlook in general: