VOL. XLIII
No. 29
17-July-2000
SAUDI ARABIA
US DoE Predicts Crude Prices Will Fall $4-5/B By Year-End Following Saudi Hike Pledge
Worldwide crude oil prices are expected to decline by $4-5/B by year-end, says the US Department of Energy (DoE), following the output hike agreed at OPECs 21 June meeting and the later announcement of Saudi Arabias intention to push for an additional 500,000 b/d of new OPEC output (MEES, 10 July). In the July edition of its Short-Term Energy Outlook report, the DoEs...
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