No. 16



Surge In North Sea Oil Output Will Persist Through 1999 Says IEA

Any hopes which the OPEC producers may have cherished for some near-term let-up in the seemingly relentless growth in North Sea oil output are likely to be dashed by the findings of a special report newly published by the IEA under the title "North Sea Oil Supply: the Expected Peak Recedes Again."

In itself, the title succinctly expresses the essential message of this exceptionally...