OGJ Newsletter

04/29/2002
Market MovementOPEC"s oil price struggleEvents in Iraq and Venezuela during early April spotlighted the difficulties faced by the Organization of Petroleum Exporting Countries in its attempts to manage oil prices over the short or even medium term, said industry analysts. Click here to enlarge image"Saddam Hussein’s unilateral 30-day stoppage of exports has significantly tightened second quarter supplies while making it hard for other Arab leaders to boost output, even if the market demands it," said analysts at London-based Centre for Global Energy Studies in a midmonth report.Iraq"s ban on oil exports in protest of US support of Israel will remove "at lea...
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