Abstracts » Business

Finely balanced

Article Abstract:

Petroleum prices are not likely to rise dramatically in the short term after Iraq and the US appear keen to settle their dispute over weapons inspections through diplomatic means. An agreement between the United Nations (UN) and Iraq for $2 billion worth of exports is scheduled to end in Dec 1997, and there is a difference of opinion as to the impact of a possible non-renewal of this agreement. Salomon Brothers sees oversupply in the world market with the agreement in place, and a tighter balance without it. Barclays sees a comfortable balance for 1998, with any reduction from Iraq likely to be offset by an increase from Saudi Arabia.

International trade, Iraq

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A downside bias

Article Abstract:

Petroleum prices have dropped since Nov 1997 and are likely to continue to fall unles supply is affected by unexpected changes. The Organization of Petroleum Exporting Countries (Opec) has increased exports, while demand has been reduced in the northern hemisphere due to a mild winter. Production from non-Opec producers is also due to rise in 1998. Opec could reduce supply, but agreement between Opec ministers is difficult to achieve, and a revival of Asian demand is needed for a longer term improvement.

Management, Organization of the Petroleum Exporting Countries

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Oil to fuel BA shares

Article Abstract:

Correlation between price trends for petroleum, and the price for British Airways stocks is examined in detail. British Airways stocks are also assessed from the point of view of investors.

Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, Airlines, Securities, British Airways PLC

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