OPEC AND OIL PRICES

BP Sees $15/B through 199O 

British Petroleum (BP) is forecasting an oil price of $15/B over the next four years and believes that this will inevitably entail higher prices in the 1990s, according to its Chairman, Sir Peter Walters. At a press conference in London on 28 September Sir Peter said BP was assuming a price of $15/B through 1990 as a basis for investment decisions, and that "it is almost axiomatic that if you have a long period of low prices like...