VOL. XLVI

No 10

10-March-2003

SUPPLY/DEMAND

Present Oil Markets Conditions Unlike 1990-91, Says HETCO Report

The structure of the oil market is substantially different from the market that existed during the 1990-1991 Gulf War, according to a report by Edward Morse of Hess Energy Trading on 3 March. In The Gulf War II: The Oil Market will not replicate Gulf War I, Morse argues that the first Gulf War took place in what was essentially a soft, well-supplied and well stocked oil market. At present...