VOL. XXXIV
NO.16
21-JANUARY-1991
Gulf War Leaves Oil Supplies Intact So Far
The outbreak of a shooting war in the Gulf - starting off with a massive air assault against Iraq by the US-led multinational force one day after the expiry of the 15 January UN deadline for the Iraqi withdrawal from Kuwait - has so far left the world's oil supplies intact. So much so, in fact, that the oil traders' perception of a world-wide oversupply has contributed to a spectacular price crash, with...
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