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...