VOL. XL

No. 43

27-October-1997

OPEC

Supply Concerns Tighten The Market, Says CGES

Oil prices have moved upwards in October on fears about winter supplies and the factthat the markets can no longer take Iraq's oil-for-food program for granted, according tothe London-based Centre for Global Energy Studies (CGES) in its latest Monthly OilReport. This is how CGES sees market developments in the very near future:

"There is a distinct air of déjà vu about the oil market today. Like last year,oil...