VOL. XL

No. 47

24-November-1997

IRAQ

Oil Market Labors Under Twin Uncertainties Of Iraq And OPEC

The oil market is and will be, for some while to come, laboring under the shadow oftwin uncertainties, namely: the impact on the oil supply picture of the convoluteddiplomatic power-game now being played out by Iraq and various permanent members of the UNSecurity Council; and the outcome of the impending OPEC ministerial conference in Jakartawhich will be focusing on a Saudi proposal to raise the...