OGJ Newsletter

As the Organization of Petroleum Exporting Countries' production quota reduction to 23.5 million b/d went in effect Apr. 1, Jefferies & Co. Inc. in New York raised its price forecasts for benchmark US crude to $31.25/bbl from $28/bbl for 2004 and to $28/bbl from $26/bbl for 2005.

Apr 12th, 2004
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