NO. 10


Financial and Banking News

Oil Prices

Oil Producers Count The Cost Of Falling Crude Prices

The sharp fall in oil prices which followed the decision by OPEC's NovemberMinisterial Conference to maintain its previously-agreed production ceiling of24.52mn b/d has dashed any hopes that oil producing nations could end 1993 withtheir revenue projections intact. With the exception of Kuwait, which began itsbudget year in July, when the prospect of low prices was already...