VOL. XLI

No. 11

16-March-1998

SAUDI ARABIA

Oil Price Storm: Who Blinks First?

by Sharif Ghalib

The writer of this article, Dr. Sharif Ghalib, is Senior Vice President and ChiefEconomist of the Gulf Investment Corporation. The views expressed therein are entirely theauthor's own and not those of the Gulf Investment Corporation. Moreover, none of theestimates or projections reflect information from any non-published official source.

As of mid-March l998, world oil prices have reached their lowest...