Subject: fw : weak oil fundamentals weighing on price - cera alert
note : cera ' s assumptions on the oil markets and demand for the near and middle term .
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- - - - - 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 : / / www 20 . cera . com / eprofile ? u = 35
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 : / / www 20 . cera . com / event
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