OIL PRICES

Oil Markets In 2012: Calm Or Turbulent Waters?

 

By Bassam Fattouh

 

Dr Fattouh is Director of the Oil and Middle East Program at the Oxford Institute for Energy Studies, a Research Fellow at St Antony's College, Oxford University, and Professor at the School of Oriental and African Studies.

 

Introduction

The prospects facing the global economy remain highly uncertain. Earlier this year, a World Bank report noted that the global economy “has...