OPEC still seen as key to oil price management

09/20/1999
Contributing to this article were Chief News Editor Anne Rhodes, Executive Editor Bob Williams, and Staff Writer Steven PorubanThe Organization of Petroleum Exporting Countries' successful efforts to rein in production are keeping oil prices at 2-year highs-and poised to go higher-but are also setting the stage for a recovery in non-OPEC oil supplies next year.That recovery, in turn, could undermine OPEC's recent success at restoring oil prices. In the longer term, however, the call on OPEC oil is likely to accelerate sharply as world oil demand resumes its upward march and non-OPEC supply stagnation sets in.So said Leo Drollas, deputy executive director of London's Centre for...
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