VOL. XLIII

No. 05

31-January-2000

OPEC

The World Can Live With $25/B WTI, Says PIRA

The main factors driving crude oil markets all appear to be aligned for the benefit of OPEC for the period 2000-02. If OPEC can keep its production under control, its members stand to strengthen their market share; they could also enjoy heightened revenues from sustainable high prices, which would satisfy their need for short-term budgetary improvements after their 34% loss of export revenues worth $55bn in...