VOL. XLI

No. 43

26-October-1998

OPEC

PEL Assesses Oil Market Outlook In Climate of Sustained Low Prices

In a newly published and timely special study, the well-known energyconsulting firm Petroleum Economics Limited (PEL) sets out to examine the impact of muchweaker oil demand growth in Asia as a result of the current financial crisis and to assessthe possible supply and demand implications of a prolonged period of very weak crude oilprices. More specifically, the study looks at the implications...