VOL. XXXI
NO. 45
15-AUGUST-1988
OPEC
Kartasasmita Sees Soft 3Q Due to Stocks
Indonesia's Mines and Energy Minister, Mr. Ginandjar Kartasasmita, believesthat oil prices are unlikely to recover until the fourth quarter due to the hugebuild-up of stocks in the industrialized countries. Speaking in Jakarta on 9August Mr. Kartasasmita pointed out that, "world oil stocks are now in factthe highest since 1982," and said that "the fact is that there is toomuch oil in the market." The Indonesian Minister...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!