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From:webmaster@cera.com
To:nsights@cera.com
Subject:OPEC ENDS MEETING QUICKLY - CERA Alert
Cc:
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Date:Tue, 5 Jun 2001 19:03:08 -0700 (PDT)


Title: OPEC Meeting Concludes
URL(s):
http://www20.cera.com/eprofile?u=35&;m=2475

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OPEC ENDS MEETING QUICKLY

OPEC ended its special meeting on June 5, the day it was convened. Iraq's
decision to curtail its exports of over 2 million barrels per day (mbd) was a
complicating factor that contributed to the outcome.

* OPEC agreed to roll over the current quota of 24.2 mbd.

* An emergency meeting is set for July 3 to discuss the shortfall from Iraq,
if the export cutoff is still in place.

* The market reaction is muted so far but could intensify because of
tightening fundamentals.

**end**

Follow above URL for complete report.



E-mail Category: Alert
CERA Knowledge Area(s): Global Oil

CERA's Spring 2001 Roundtable event dates and agendas are now available
at http://www20.cera.com/event

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