NO. 47


Oil Supplies & Gulf Crisis

OPEC Secretariat Reckons Existing Commercial Stocks Can Withstand 171 Daysof Iraq/Kuwait Supply Disruption

According to a market outlook report recently prepared by the OPECSecretariat, present excess commercial stocks above the minimum operating levelcan withstand 171 days of Iraq/Kuwait supply disruption estimated at 4.27mn b/d.This analysis is based on the Secretariat's preception that the world has a"comfortable" level of about...