A consensus for near term oil price stability and healthy petroleum company profits seems to be emerging. The effect on oil prices of last month's OPEC quota agreement setting a fourth quarter ceiling of 24.5 million ID/d (OGJ, Oct. 4, Newsletter) will be to leave them $1-2 higher than where they would have been with another rollover of the status quo, says DRI International, Paris.

Oct 11th, 1993
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