VOL. XLI/VOL. XLII

Nos. 52/1

28-December-1998/4-January-1999

OPEC

A Low Oil Price World, Oil Company Mergers And Oil Market Implications

by Paul Stevens

The following article is by Professor Paul Stevens, Centre for Energy,Petroleum and Mineral Law and Policy, University of Dundee, Dundee, Scotland.

The oil price since November 1997 has been steadily falling and isreaching lows unprecedented since the first oil shock of 1973. Today, many oil companiesbelieve prices will remain low for several...