Pricing Of Oil: The Need For A New Stabilizing Mechanism
by Nordine Ait-Laoussine
The following is the text of a paper presented by Mr. Nordine Ait-Laoussine,the Algerian Minister of Energy, at the Oxford Energy Seminar on 13 September.
The price of crude oil in international trade has always been subject to twosorts of influences: one of institutional or political nature and one related toeconomic or market forces. These influences have always been present. What...