Financial and Banking News
BUDGETS AND REVENUES
OECD Forecasts Declining OPEC Deficit in 1987
The OECD's Economic Outlook for December 1986 forecasts a declining deficiton the aggregate OPEC current account in 1987 based on an assumed static oilprice and stable world demand, together with declining imports by OPECcountries. According to the OECD's figures, the price of oil will remainconstant at $15/B throughout this year and next and total OPEC exports, having...