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Page 62
Investors feared the stagflationary effects of a steep rise in oil prices and the
destabilising effects of another Middle East crisis. Whether their worries are
excessive will depend on the future course of the oil market and on the balance
of power ...
Investors feared the stagflationary effects of a steep rise in oil prices and the
destabilising effects of another Middle East crisis. Whether their worries are
excessive will depend on the future course of the oil market and on the balance
of power ...
Page 61
Oil analysts forecast that after the seasonal surge in demand care of most of the
region's problems. But he warned that a sustained price rise to US$30 a barrel
would be a serious problem. A major conflict in the Gulf is “very likely," he
believes.
Oil analysts forecast that after the seasonal surge in demand care of most of the
region's problems. But he warned that a sustained price rise to US$30 a barrel
would be a serious problem. A major conflict in the Gulf is “very likely," he
believes.
Page 63
A 10% rise in petrol prices was announced on 14 August. Indonesia, which last
year exported 291.1 million barrels of crude and 55.3 million barrels of refined
fuels, imports lowergrade Middle East oil for domestic use. Oil meets 61.6% of ...
A 10% rise in petrol prices was announced on 14 August. Indonesia, which last
year exported 291.1 million barrels of crude and 55.3 million barrels of refined
fuels, imports lowergrade Middle East oil for domestic use. Oil meets 61.6% of ...
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