Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: diana g who wrote (30191)	10/12/1998 9:09:00 AM
From: diana g	Read Replies (2) of 95453

Woodside sees negative oil price outlook biz.yahoo.com <<<PERTH, Oct 12 (Reuters) - Woodside Petroleum Ltd said on Monday the outlook for oil prices was negative.... Akehurst also said low oil prices were causing uncertainty among producers planning long-term capital investments.... OPEC is struggling to maintain oil production at current levels given the bleak outlook.... Akehusrt predicted a ''flood of new production'' on the world market in the next decade. >>> -----Comments, anyone???-----

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