VOL. XXXV

NO. 28

13-APRIL-1992

KB's Mehdi Varzi Sees Tight Oil Market By Mid-1990s

Broadly speaking, there are two schools of thought in the oil industryregarding oil price prospects in the coming decade: one which believes that oilprices, having fallen so far in real terms in the mid-1980's, have little chanceof recovering in the 1990's; and the other which holds that prices have declinedso much in real terms that the stage is being set for another price shocksometime in the 1990's. However,...