NO. 52


Oil Prices

OPEC 2Q 95 Basket Price Could Reach $21/B, Says CGES

Oil prices will continue to rise if, as expected, OPEC rolls over its currentquota agreement into next year; and if the winter is normal and OPEC productionis kept close to 25mn b/d, very low stock levels at the end of 1Q 95 could pushthe average price for the OPEC basket of crudes up to $21/B in 2Q 95, accordingto the 19 September issue of the Monthly Oil Report published by theLondon-based...