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

***********************************************************************

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

***********************************************************************

To make changes to your cera.com profile go to:
http://www20.cera.com/client/updateaccount

Forgot your username and password? Go to:
http://www20.cera.com/client/forgot

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www20.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2001. Cambridge Energy Research Associates