VOL. XL

No. 48

1-December-1997

OPEC

Offshore Delays Threaten 1998 Oil Supplies

The following article is based on data supplied by the Aberdeen-based oil industryresearch and consulting firm Petrodata Research.

World oil supplies in 1998 are being threatened on two fronts. Iraq's dispute with theUN could remove 700,000 b/d from the market during the winter. At the same time newsupplies from non-OPEC fields, mostly offshore, are also threatened by delays which arelikely to mean that recent...