VOL. XLVII

No 04

26-January-2004

OPEC

Economic Growth, Risk Premium Back Firm 2004 Oil Price Forecasts, Says Al-Yabhouni

In 2003, oil prices peaked at their highest levels in two decades, adding some $50bn to OPEC revenues compared to 2002, according to 'Ali al-Yabhouni, Head of Marketing Research and Analysis at the Abu Dhabi National Oil Company (ADNOC) in his oil price outlook for 2004, originally published in the November-December issue of ADNOC News. The sustainability of strong oil prices...