OPEC should have little difficulty in keeping oil prices above $50/bbl, but, unless demand growth rebounds, will probably have to cut output to do so," the Center for Global Energy Studies said. Oil demand growth this year now looked set to be little more than one-third of the growth in 2004 and was set to remain weak in 2006, although it should still outstrip non-OPEC supply growth of less than 1-mil b/d. Concerns about the strength of oil demand growth in 2006 have begun to overtake worries about oil production capacity in
assessments of the oil market next year

See more industry/OPEC viewpoints at http://www.platts.com/Oil/Resources/Quote%20of%20the%20Day/