OGJ Newsletter

02/16/2004
Market MovementOPEC's surprise production cutEnergy prices jumped after the Organization of Petroleum Exporting Countries, meeting Feb. 10 in Algiers, unexpectedly decided to reduce its oil production quota by 1 million b/d to 23.5 million b/d of oil, effective Apr. 1, as well as curb its overproduction of 1.5 million b/d.World energy markets were almost resigned to no production cuts from OPEC. "However, in view of the projected significant supply surplus in the seasonally low-demand second quarter, the conference decided that remedial supply responses are needed to maintain market balance and avert downward pressure on oil prices," OPEC News Agency reported. OPEC ministers said they...
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