NO. 8


The Role Of OPEC In A Changing Oil Market

by Farouk M. Akhdar

In the following article a prominent Saudi economist, Dr. Farouk Akhdar,argues that OPEC should abandon its current obsession with production quotas andturn its attention to more useful objectives such as determining measures tomaintain an optimal demand for OPEC oil. Dr. Akhdar is the head of theRiyadh-based Economic Bureau, an economic consulting firm which he set up in1988. Previously, from 1975 to...