Current News and Analysis: Non-OPEC To Deliver; Now It Will Be

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Dear PIRA Retainer Client:

Please find attached a PDF file with the latest Current News & Analysis
article:

1) Non-OPEC To Deliver; Now It Will Be OPEC's Turn

If there are questions about this report, please contact Dr. Gary Ross
at (212) 686-6808, email: garyross@pira.com. Contact Dyana Rothman
regarding PIRA report distribution, at (212) 686-6808, email:
drothman@pira.com.

Unauthorized distribution of this report is prohibited.

Best regards,

PIRA Energy Group.

- 121401pt1.pdf