OGJ Newsletter

11/18/2002
Market MovementOPEC on a 'war footing'Traders' perceptions of increased quota-breaking by the Organization of Petroleum Exporting Countries, coupled with reduced prospects for war in the Middle East, have driven down oil futures prices in recent weeks.But rather than losing "cohesion," as some traders claim, "OPEC appears to be on a war footing," said Paul Horsnell, JP Morgan Chase & Co., London. "Oil is being moved out of the (Persian) Gulf to fill up producer-held storage closer to market. We suspect that much of OPEC's apparent increase is not actually making its way to refiners. Some is, as oil is also being moved to Asian refiners who have a certain sense of panic tha...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected