OPEC and the voice of doom
Article Abstract:
Attempts by OPEC to control petroleum prices, both past and future, are examined in detail.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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The latest shock
Article Abstract:
Petroleum prices have risen after a meeting of the Organization of Petroleum Exporting Countries (OPEC) in Mar 1999, when production cuts were agreed on. A new meeting is planned for Sep 1999. The recovery of Asian economies puts upwards pressure on prices, as does US economic growth. The US was concerned about the impact of low petroleum prices on Russia and Venezuela, and may have put pressure on OPEC to agree to production cuts. Speculation has also helped push up petroleum prices.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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