OGJ NEWSLETTER

World oil markets' dependence on OPEC Persian Gulf supplies will continue to grow. Oil production outside the Persian Gulf is expected to remain virtually unchanged during 1991-96, according to County NatWest, Washington. County NatWest contends the rise in non-Persian Gulf OPEC production--l.5 million b/d by Gabon, Libya, Nigeria, and Venezuela--won't cover the expected 1%,/year rise in world demand in the period, especially when factoring in an expected drop in non-OPEC output, to

Jun 24th, 1991
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