VOL. XXXIII

NO. 21

26-FEBRUARY-1990

Prices/Supply

BP Sees Oil Price Rise to $25/B by 1995; Shell Is More Cautious

Sir Peter Walters, the outgoing Chairman of British Petroleum (BP) who is dueto hand over to Mr. Robert Horton next month, has predicted that oil pricescould reach as high as $25/B in real terms by 1995. By contrast, Shell hasstruck a more cautious note on future price movements with the Chairman of ShellTransport and Trading, Sir Peter Holmes, forecasting that prices will staywithin...