VOL. XXXVIII

NO. 47

21-AUGUST-1995

OPEC

CGES Foresees Weaker Outlook For Oil Prices

The London-based Centre for Global Energy Studies (CGES) believes thelonger-term prospects for oil prices are poor because of a squeeze on demand dueto the slowdown in global economic activity in the second half of 1995 coupledwith rising supplies from non-OPEC. CGES argues in the 11 August issue of itsMonthly Oil Report that there is very little that OPEC can do to to improve theprice outlook except to roll over...