Feb 6, 1998, 12:01 AM
News Code: 9120087
0 Persons
collapse price to due 1997 in revenue oil in bn 2 dlrs loses uk more by slumped sea north the from revenues uk -- irna 6, .feb london, fall the to due largely year, last (bn 2 dlrs) billion 25.1 pnds than .scotland of bank royal the to according oil, of price the in pnds averaging income gas and oil combined daily the reported it previous the in m 48 pnds over with compared 1997 in million 3.44 .year of increases respective saw gas from revenue and production while income oil in cent per 12 of slump the cent, per 2 and cent per 7.3 second the for production in cent per 5.0 of fall a by exacerbated was .year successive in (dpb) barrel per dollars 23 from dropped which prices, oil to fall their continued have december, in dpb 38.17 to 1997 january .rates future about unsure was bank the but dpb, 16 below forecasting that said boyle, stephen economic, business of head he but ''.science a than rather art impossible ''an was prices much was 1997 in than lower being rates for case the that believed .rises for than stronger of face the in supply of surplus a from comes pressure downward concern from comes pressure upward while growth, demand weakening .iraq in events of result the to due interruptions about hc/hm end