NO. 17


Oil Prices

Yamani Sees Bleak Outlook for Oil Prices

Shaikh Ahmad Zaki Yamani, the former Saudi Oil Minister, has come out with abearish forecast for oil prices, given the fact that there is now little or noprospect of any significant damage to Saudi oil facilities. In a radio interviewwith the BBC, broadcast on 19 January, Shaikh Yamani predicted that prices couldfall to $15/B in status quo circumstances, and less than that when the winter isover and in the event...