VOL. XLIV

No. 27

2-July-2001

SUPPPLY/DEMAND

BPs Davies Sees Market Forces Working To Curb High Oil Prices

The recent period of booming oil prices is coming to an end, because the normal market reactions of capacity increases and reduced consumption are gathering momentum, according to Peter Davies, BPs Chief Economist. Speaking in New York on 27 June, at the launch of the BP Statistical Review of World Energy 2001 (available on the MEES website, www.mees.com), Prof Davies said: "To some degree...