EDITORIAL RISING DEMAND BEST CRUDE PRICE REMEDY

The worst has passed for the upstream oil business. That statement may seem strange following a do-nothing meeting of the Organization of Petroleum Exporting Countries. In fact, the worst had passed before OPEC ministers met at the end of March, which made doing nothing to cut group production eminently reasonable. Of course, OPEC still can exercise its main lever of market influence - undisciplined output. If it does so in the next few weeks, prices will surely keep failing. This is what the