VOL. XXXIV

NO. 5

5-NOVEMBER-1990

Supply/Demand

Eastern Europe Hit by Declining Soviet Oil Production and Gulf Crisis

A report issued last month by the European Commission has highlighted thelosses incurred by Eastern European countries as a result of the decline inSoviet oil production and exports, as well as the Gulf crisis. "Accordingto Eastern European countries own estimates, the additional cost of imports ofoil and oil products by the countries concerned will be nearly $3.5bn this year.Their...