OGJ Newsletter

Topping the radar screen for skittish oil markets this week are the Y2K bug and Saddam Hussein. Click here to enlarge imageIn hopes of injecting confidence in oil market stability at a time when oil prices are already high and poised to rise further, some key oil exporters are offering reassurance to consuming nations-already nervous about the likely upward trajectory of oil prices this winter-that the Y2K rollover will not disrupt global oil supplies. What's noteworthy is that these three exporters are the countries that masterminded the rounds of production cuts that have boosted oil prices to their current levels. Saudi Arabia, Venezuela, and Mexico say they stand ready to make up ...

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