VOL. XLII

No. 35

30-August-1999

OPEC

CGES Calls On OPEC To Boost Output To Head Off PriceExplosion

"On current indications, the oil market is heading fora price explosion this winter and only OPEC can prevent this by reversing itspolicy of output cuts." This was the conclusion reached by theLondon-based Centre for Global Energy Studies (CGES) in the 23 August issue of itsMonthly Oil Report.

In this connection, CGES has this to say about current oilmarket conditions: "Dated Brent rose in July by...