VOL. XLVI

No 12

24-March-2003

OPEC

War And Limited Oil Fires Fail To Stop Crude Price Slide

MEES learns from authoritative sources at its press-time on Friday afternoon, 21 March, that the wellhead fires in Iraqs southern oilfields are limited in number and bear no resemblance to the torching of the Kuwaiti oil wells in February 1991. Neither the outbreak of war nor the fires stopped the fall of crude oil prices, which carried on through the week as uncertainty about the timing of the war was...