April 2006
Africa Monitor: Southern Africa;Apr2006, Vol. 11 Issue 4, p1
Country Report
Country Report
The article presents a forecast regarding the oil industry. The Organization of Petroleum Exporting Countries (OPEC) was predicted to maintain production at its March 2006 meeting because of light geopolitical risks to supply, combined with high demand. The OPEC basket price declined to $57.5/bbl on March 7, 2006 and it is expected that this will have an average of $51.3/bbl for the whole year, but risks are high.


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