VOL. XXXIV

NO. 45

12 AUGUST 1991

OPEC May Have To Reckon With Some 600,000 B/D Of New Iraqi-Kuwaiti SupplyIn 4Q

Now that the big five permanent members of the Security Council have agreedon a draft resolution allowing up to $1.6bn worth of Iraqi oil sales over sixmonths (for details see story on p. A3) exports of something like 500,000 b/d ofIraqi crude during the fourth quarter of this year and the first quarter of 1992must be regarded as a realistic prospect. Adding to this a possible 100,000...