OPEC'S POLICY OF OIL PRICE DEFENSE AND THE CURRENT MARKET WEAKNESS
By Dr. Fadhil Al-Chalabi
(The following is an edited version - published with the permission of the author - of an extemporaneous speech delivered by Dr. Fadhil Al-Chalabi, the Deputy Secretary General of OPEC, at the Oxford Energy Seminar on 12 September 1985.)
Prior to the tumultuous events of 1979-80 OPEC was the only force in the market which decided upon the price of oil. Other operators in the market accepted the...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!