No. 26



BP Amoco Says Market Tightness Will Loosen Slowly After Two Years Of Low Development Spending

The industry is in a new OPEC-led phase of oil market development, according to BP Amoco Chief Economist Peter Davies, in which the fundamental trends of oil supply and demand, together with lags in supply response, are continuing to tighten markets and are likely to reverse only slowly. Announcing the publication of the BP Amoco Statistical Review of World...