OPEC may not be able to meet oil demands
Experts warn of an oil supply crisis in the next two decades
By Agence France Presse (AFP)
Tuesday, September 27, 2005
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Oil markets could be headed for a supply crisis in the next two decades as non-OPEC production will soon stagnate and major OPEC producers will not be able to meet soaring demand, experts said. "I think we have already started to feel the [supply] crisis," said Jean-Pierre Favennec. This Article is only available in The Daily Star on-line archive. Containing over 100,000 articles, The Daily Star archive is an excellent information source and research tool for all events in Lebanon and the region since 1997.
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