VOL. XXXVI

NO. 10

7-DECEMBER-1992

Oil Price Slide Tests OPEC Accord But IEA Forecasts Remain Bullish

OPEC's Vienna production accord, whose positive features were welcomed byquite a few seasoned observers upon its conclusion on 27 November, has so farsignally failed to sustain, let alone improve, oil prices in the market. Overthe past week crude prices have dropped by over $1/B, pausing somewhat for amodest upturn on Friday. OPEC producers are hoping that this will mark thebottom of the slide,...