VOL.XLI

No.44

2-November-1998

OPEC

FutureWorld Oil Outlook

ByAli al-Naimi

The following is the text of theaddress delivered by Mr. Ali al-Naimi, the Saudi Minister of Petroleum andMineral Resources, at the Sixth International Energy Conference held in CapeTown, South Africa, on 30 October 1998.

I have been asked to speak on theoutlook of the world oil market. This is a challenging and risky task, in lightof the current state of affairs in both the oil and financial markets.Predictions are at best...