VOL. XXXII
NO. 50
18-SEPTEMBER-1989
ALI KHALIFAH SEES OIL PRICES STAYING AT CURRENT LEVEL FOR NEXT THREE YEARS
Taking into account anticipated demand, supply and competition betweenproducers in the use of spare capacity, the Kuwaiti Oil Minister, Shaikh 'AliKhalifah al-Sabah, sees oil prices remaining at more or less their currentlevels in nominal terms for the next three years. Beyond that, price movementswill depend on the amount of additional production capacity that is installedbetween now...
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