VOL. XLVII

No 06

09-February-2004

OPEC

OPEC Capacity Creep An Issue For Quota Allocation, Says IEA

OPECs ability to manage the market depends to a large extent on both the organizations internal dynamics and the call on its crude, and while the market is bullish at present a bearish demand outlook for 2Q04 means the question of OPEC quota distribution has not gone away, according to the International Energy Agency (IEA). In its latest monthly Oil Market Report, published on 16 January, the IEA...