The Riyadh-Vienna decisions and the world oil market
Article Abstract:
The world oil market is predicted to have an excess supply in 1998 that can result in low oil prices. The market was previously marked in 1997 with high oil prices and overproduction resulting in low demand for oil products. The Riyadh Pact in March 22, 1998 between Venezuela, Saudi Arabia, and Mexico reduced oil production by 600,000 barrels a day. Other OPEC and non-OPEC nations have already pledged to reduce their oil production after the OPEC summit in Vienna on March 30, 1998.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Effects of US sanctions on Iranian and Caspian petroleum industries: can the world do without Iran, Iraq and Libya?
Article Abstract:
A discussion on the implications of sanctions on the oil producing countries, Libya, Iraq and Iran, when demand for oil is increasing. The problems faced the US authorities over its sanctions on Iran which are preventing oil and gas production from the Caspian Basin is highlighted.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Sanctions on Iran, Iraq, Libya: update and analysis of trends
Article Abstract:
The US has unilateral trading sanctions with Iran whilst the United Nations has backed sanctions against Libya and Iraq. Some observers have pointed out the sanctions have not been effective in changing the behaviour of the leaders.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Certainty independence and the separation of utility and beliefs. Expected utility theory without the completeness axiom
- Abstracts: Participants in the International oil market. The dynamics of daily retail gasoline prices. Forecasting output using oil prices: a cascaded artificial neural network approach
- Abstracts: Bid-ask spreads and the avoidance of odd-eight quotas on Nasdaq: an examination of exchange listings. Why Nasdaq market makers avoid odd-eighth quotes
- Abstracts: Principals, agents and the limitations of BWI conditionality. The Bretton Woods Institutions and the political economy of international monetary reform
- Abstracts: Opportunities, incentives and the collective patterns of technological change. Induced innovation, evolutionary theory and path dependence: sources of technical change