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Web-only Exclusives November 30, 2000 From Our Correspondent: Hirohito and the War A conversation with biographer Herbert Bix From Our Correspondent: A Rough Road Ahead Bad news for the Philippines - and some others From Our Correspondent: Making Enemies Indonesia needs friends. So why is it picking fights? |
DECEMBER 10, 1999 VOL. 25 NO. 49
Monitor
Crudely Put, This Is a Rising Problem
For the most part, the world's oil-producing nations are sticking to their March pledge to cut production and drive up prices. Asia's economic recovery has reinvigorated demand and, while there is no shortage of oil or gas, inventories are down to their lowest levels since 1996. After Iraq recently stopped production over the U.N. food-for-oil deal, oil prices jumped above $27 a barrel, the highest since the Gulf War in 1991 - even though Iraq's contribution to world crude output is minimal, somewhere between zero and 4%.
Source: Asiaweek Research
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