VOL. XXXVI
NO. 41
12-JULY-1993
Market Prices Weaken Under Threat Of Mounting Oil Supply
Crude oil prices have remained in the doldrums this week, with Dated Brenttouching as low as $16.50/B on Thursday, under the market-perceived threat ofmounting supply from various quarters. Relevant bearish factors include: continued quota indiscipline by OPEC as a whole; a sharpincrease in supply fromKuwait as it moves to its declared production target of 2.16mn b/d by September(some 400,000 b/d above the...
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