Market Watch: New Coalition Emerges in Fuel Sector
An initiative led by prominent fuel firm ENRON (ENRN) has brought at least 44 major refiners under the common banner of a newly formed corporation. Styling itself the Organization of Fuel Exporting Corporations (OFEC)...
An initiative led by prominent fuel firm ENRON (ENRN) has brought at least 44 major refiners under the common banner of a newly formed corporation. Styling itself the Organization of Fuel Exporting Corporations (OFEC), the scope of its coordination, underlying motivations, and long-term objectives remain unclear.
ICR will continue to monitor.