Middle East Economic Survey

VOL. XLVII

No 31

02-August-2004

SUPPLY/DEMAND

Yukos Conflict Unlikely To Hit Russian Exports And Production, Says ESAI

WTI crude oil prices reached a new peak of $43.05/B during trading on 28 July, as news emerged that Yukos had been told by bailiffs to halt oil sales. However, later that day Boston-based ESAI issued the following assessment of the Yukos affair, concluding that the companys troubles were unlikely to impact Russian exports and production. The following is...