Middle East Economic Survey

VOL. LII

No 24

15-Jun-2009

SAUDI ARABIA/OPEC

Global Energy Market Challenges And Long Term Responses

By Majid al-Moneef

Dr Moneef is Saudi Arabias Governor to OPEC. This article is an edited version of a paper he presented to the Interaction Council in Berlin in May, at an expert group meeting on energy availability and economic growth.

The current financial and economic crisis engulfing the world as well as the oil price rollercoaster, which saw it doubling in the first...