VOL. XLIII

No. 20

15-May-2000

OPEC

Looking Ahead: The Oil Market And Its Futureby Ali al-Naimi

The following is the text of the speech delivered by Mr Ali al-Naimi, the Saudi Minister of Petroleum and Mineral Resources, at the Los Angeles World Affairs Council on 8 May.

It is a great pleasure to be in California, a state with many outstanding aspects, including its unique position on the world energy map. Today, as the worlds 7th largest economy, California consumes a significant part of the...