Saudis face swing-supply strains in 2004

Several signs point to the likelihood that oil prices have topped out this year and face growing downward pressure in 2004.And barring any wild cards—such as Venezuela or Nigeria—the herculean task of balancing oil markets next year falls largely to Saudi Arabia.It's way too early to talk of an oil price collapse next year; in fact, the betting should go against that possibility, given the enviable track record on price defense (led by the Saudis) that the Organization of Petroleum Exporting Countries has demonstrated since 1999. The latest such success was the defense of a $25/bbl price target for the OPEC basket of crudes embodied in OPEC's recent surprise decision t...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected