VOL. XLI
No. 50
14-December-1998
OPEC
OPEC Revenues And Foreign Investments
by Adam Seymour and Nick Antill
The following article, by Adam Seymour and Nick Antill of MorganStanley and Co. International Ltd., was published by Morgan Stanley on 3 December.
Summary
We do not believe that significant investment in the OPEC countrieswill lead to a flood of cheap oil into the market further depressing prices. Increases inOPEC capacity, funded by private capital, are more likely to divert capital...
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