VOL. XXXIII

NO. 49

10-SEPTEMBER-1990

Without Consumer Government Action On Stocks Oil Market Will Face TightFourth Quarter

Despite OPEC's green light at the end of August to permit member countries toboost production to the maximum in case of need, spot market prices have bouncedback by more than $4/B over the past week, leaving light short-haul crudes forprompt delivery in the region of $33/B. Apart from psychological jitters, suchprice jumps no doubt reflect more deep-seated perceptions that...