VOL. XXXII

NO. 16

23-JANUARY-1989

PERPETUAL INSTABILITY IN THE OIL MARKET

by Joe Roeber

(In the following article petroleum consultant Joe Roeber looks at the mystery of the missing oil and finds a condition of perceptual instability in the market.)

The question of missing oil has receded as a subject for urgent discussion in the face of strengthening crude prices. But it must return to plague the market. In spite of lEA revisions (MEES, 16 January) there is a residual uncertainty in the numbers,...