TOWARDS A NEW WORLD OIL SUPPLY MAP? - AN OPEC POINT OF VIEW
by Fadhil J. Al-Chalabi
(The following is the text of a keynote address delivered by Dr. Fadhil al-Chalabi,the Deputy Secretary General of OPEC, at the "Supply and PriceConference" sponsored by the Institute of Petroleum in London on 2 November- It will also be published in the monthly IP Review at a later date.)
The current situation of over-supply in the world oil market, and thefragility of the price...