VOL. XLIII

No. 22

29-May-2000

OPEC

Mabro Sees $23.5/B Brent Crude Comfortable Price For Producers And Consumers

The Director of the Oxford Institute for Energy Studies (OIES), Robert Mabro, says he believes a comfortable crude oil price for both producers and consumers alike is $23.50/B Brent. He told "The GCC Petroleum Industry: Prospects for the New Millennium" conference in Bahrain on 24 May (see page A1) that three views had recently been expressed on the most desirable price for crude. OPEC,...