NO. 24


Fears Of 2Q Price Weakness Cloud Bullish Market Outlook For 1990

MEES Editor Ian Seymour Reports from Vienna, 16 March

Despite a generally bullish outlook for both OPEC crude demand and pricesthis year, warning voices are gathering momentum about a potential, albeittemporary, weakening of the market during the second quarter if there is no curbon the level of OPEC crude supply which is reckoned to have averaged nearly 24mnb/d in February. Price weakness is already...