WATCHING THE WORLD OPEC RESTRAINT KEY TO OIL PRICES

This year promises to be a difficult one for the Organization of Petroleum Exporting Countries unless it can fashion and adhere to a clear, consistent policy. OPEC's productive capacity is scheduled to rise 2.7 million b/d this year, while added demand for OPEC oil is likely to be only 1.3 million b/d, the same as last year. Because of this, says the Centre for Global Energy Studies (CGES), London, the temptation will be to produce that little bit extra-if not for Saudi Arabia, then

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