TITLE

OIL MARKET OUTLOOK

PUB. DATE
April 2006
SOURCE
Africa Monitor: Southern Africa;Apr2006, Vol. 11 Issue 4, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
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.
ACCESSION #
20203395

 

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