OGJ Newsletter

09/09/2002
Market MovementOPEC facing fight in Osaka?Debate over production quotas at the Organization of Petroleum Exporting Countries' upcoming ministerial meeting Sept. 19 in Osaka, Japan, should provoke "more fireworks" than similar recent sessions, predicts Tyler Dann, a financial analyst in the Houston office of Banc of America Securities LLC."Opinion is evenly divided within OPEC as to whether they leave quotas unchanged at 21.7 million b/d or increase them by as much as 1.5 million b/d," Dann reported last week. "Already representatives from member countries are bickering in the press about appropriate action to be taken regarding output targets."Member differencesAlgeria submitted a for...
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