VOL. XLIV

No. 02

8-January-2001

OPEC

Oil Producers Adopt Budgeted Oil Price Assumptions For FY2001 Averaging $20.5/B

Available figures for forthcoming fiscal years show a wide discrepancy in the underlying oil price assumptions adopted by some of the major oil producers. The most conservative projection for the current fiscal year came from Kuwait at $13/B and the most optimistic from Syria at $24/B (see Table below). However, some of this discrepancy is due to the fact that not all fiscal years...