No. 43



NBK Warns Of Potential Oil Price Collapse

According to the latest Economic Brief issued by the National Bank of Kuwait (NBK) for September, while rising oil prices are likely to produce a budget surplus, a stock rebuild of crude oil could quickly result in a collapse in prices possibly to as low as $10/B. Current oil prices, says NBK, suggest that the government will witness a significantly larger budgetary surplus in the current fiscal year 2000-01 which...