VOL. XLIII

No. 22

29-May-2000

OPEC

Shell Forecasts Mid-Teens Average Price For Next 10 Years

Shells Managing Director, Exploration and Production, Zaharuddin Megat, speaking at the same conference in Bahrain on 22 May, said that in the Asia Pacific region, where the Middle East is the unchallenged supplier of incremental crude, "demand is growing but so are concerns about such a strong dependence. So, we expect increasing competition in the Atlantic Basin to be the key determinant of price over...