VOL. XXXV

NO. 48

31-AUGUST-1992

Supply/Demand

Management of Surplus Supply Is Key Market Issue, Says BP's Simon

Supply capacity is likely to grow faster than demand over the next few yearsand the key issue in the market is the management of that surplus, according toMr. David Simon, Group Chief Executive of British Petroleum (BP). Speaking atthe Offshore Northern Seas Conference in Stavanger, Norway, on 25 August, henoted that the OPEC quota system had provided some stability over the past few...