ODAC Newsletter – Jan 28
Saudi oil minister Ali al-Naimi hinted this week that OPEC might move to increase oil production to satisfy rising demand. Both OPEC and the IEA are anticipating demand growth this year, and with Brent crude close to $100/barrel the pressure on OPEC is growing…Many of the OPEC nations face serious threats of their own as they struggle to generate jobs for their growing populations. No doubt the house of Saud and other OPEC leaders will be casting a wary eye at the recent uprising in Tunisia and the riots in Egypt.


