Rise in U.S.Oil Stocks and Doubts About Production Cuts Stifle the Recovery in Prices Resulting from the Agreement Between OPEC and Non-OPEC Countries

摘要

On the prices front, 2002 is the year of uncertainty, due in particular to the difficulty of making any precise evaluation of the impact of the 11 September attacks on world oil demand, to major unknowns as regards the future targets of the "war against terrorism" launched by Washington, and to question-marks about the way in which OPEC and non-OPEC countries willl apply their supply reduction decisions.