Weak Dollar Could Be Bad News for Oil Demand

Quite apart from its affect on the purchasing power of the oil producers, the recent decline in the value of the dollar may also have serious implications for OPEC's market stabilization plans in the second half of the year, according to Mr. Philip K. Verleger of Charles River Associates (CRA) of Blstan.

Writing in the 31 April edition of the CRA Petroleum Economics Monthly, Mr. Verleger argues that there is evidence in the form of...