Middle East Economic Survey
VOL. XLVII
No 44
1-November-2004
OIL PRICES
Lord Browne Sees $30/B Crude Price Support Level For At Least The Medium Term
On the basis of the recent track record and the supply-demand balance, oil prices have a support level of around $30/B for at least the medium term, underpinned by OPEC discipline and their needs for revenue, according to BPs Chief Executive Lord John Browne. He was speaking in London on 26 October after the announcement of the companys third quarter...
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