OGJ Newsletter

Due to a holiday in the US, data for this week's Industry Scoreboard are not available.Crude oil prices continue to sustain near-peaks for the decade amid mixed signals from OPEC.While Kuwait, UAE, and Qatar all suggest that they will resist efforts by US Energy Sec. Bill Richardson, on a whistlestop tour of OPEC and key non-OPEC exporters last week, to jawbone oil supplies up and oil prices down, Venezuela's and Mexico's oil ministers hint that exporters likely will agree to allow more oil onto markets in small increments in the months ahead.And Saudi Oil Minister Ali al-Naimi says that he expects oil demand to fall in the second quarter, leading to slippage in oil prices.Still, ...

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