DEMAND AND PRODUCER POLITICS TO SHAPE SECOND-HALF OIL MARKET

Robert J. Beck Economics Editor The oil market will tread a narrow path between economic uncertainty and producer politics in the second half of 1993. Economies in the U.S., Europe, and Japan remain sluggish, threatening to deny the Organization of Petroleum Exporting Countries the oil demand growth that would help it accommodate resurgent production from Kuwait. Having rebuilt many of the oil field facilities destroyed by Iraqi troops in 1990-91, Kuwait has declared its intention to produce

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