Middle East Economic Survey

VOL. LII

No 16

20-Apr-2009

OPEC/IRAN

The Need To Redefine OPEC Regulatory Policy

By Gholamhossein Hassantash

Mr Hassantash is Vice President of the Iranian Association for Energy Economics (IRAEE).

The global economic crisis has struck the energy and oil markets hard. Oil prices have declined, and the intensity of the crisis in the oil market is such that even the recent decisions taken by OPEC to cut crude production rates, and in particular the organizations 19 December...