VOL. XLI

No. 51

21-December-1998

OPEC

Oil Prices Head Back Down Under Impetus Of Continued Iraqi Exports AndLack Of Action From Key Producers At Madrid Meeting

It has been, to say the least of it, surprising to see that, amid themayhem and destruction of the US/UK air strikes against Iraq (for political analysis, seeC Section), Iraqi oil exports from the Turkish Mediterranean port of Ceyhan and the Gulfterminal at Mina al-Bakr under the UN oil-for-food program have so far at leastbeen continuing...