NO. 3


Oil Prices & the Gulf Crisis

OPEC Members Urge Drawdown of IEA Oil Stocks to Curb Future Price Rises

Several OPEC members have urged industrialized countries to release their strategic oil stocks as a measure to prevent any further rise in oil prices in the coming winter months during a conference last week in Jakarta. Oil and Energy Ministers from Venezuela, Nigeria, Algeria and Indonesia made their recommendations during the annual meeting of the Indonesian...