Note:  CERA's assumptions on the oil markets and demand for the near and middle term.
LB

-----Original Message-----
From: webmaster@cera.com [mailto:webmaster@cera.com]
Sent: Monday, September 24, 2001 8:25 PM
To: clients@cera.com
Subject: Weak Oil Fundamentals Weighing On Price - CERA Alert 



Title: Oil Market Update: New OPEC Faces Steepest Challenge Since 1998 Price Collapse 	
URL(s):	

http://www20.cera.com/eprofile?u=35&m=2684;


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

WEAK OIL FUNDAMENTALS WEIGHING ON PRICE 

Two forces are vying for control of oil market psychology since September 11--
fear of recession and fear of military action. Currently, the fear of recession 
and its implications for oil demand is in ascendance because military action 
remains in preparatory mode thus far. 

*  An escalation of military action would revive the initial concerns that a US 
military response could affect production in the Middle East.

*  The terrorist attack of September 11 is delivering a shock to the US economy 
with ramifications in the oil market. CERA has revised downward sharply its 
demand outlook in the wake of the attacks.

*  OPEC producers are also growing more concerned about market share. Our 
outlook assumes that OPEC does not agree to a further cut at its September 26 
meeting in Vienna.

**end**

Follow above URL for complete report (2 printed pages).









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


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

***********************************************************************
CERA's Autumn 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