NO. 9


Oil Prices

CGES Scenarios for 1991 Oil Prices

The latest (November-December) issue of Global Oil Report (GOR), publishedbi-monthly by the London-based Centre for Global Energy Studies (CGES) of whichthe Chairman is the former Saudi Oil Minister, Shaikh Ahmad Zaki Yamani, putsforward three possible scenarios for the evolution of oil prices in 1991. Theseare:

- Continuing stalemate during which the price drops from an average $33/B in1Q 1991 to $20/B in 4Q 1991.