THE ROLE OF OPEC IN GARRET STABILIZATION

by Fadhil J. Al-Chalabi

(The following is the out line of a paper on "The Role of OPEC in Market Stabilization," delivered by Dr. Fadhil J. Al-Chalabi, Deputy Secretary General of OPEC, at the Seventh International Colloquium on Petroleum Economics, held by Laval University in Quebec, Canada, on 6-8 November 1985.)

1. The present instability in the world oil market is the result of long-term structural changes initiated during the 1970s...