Middle East Economic Survey

VOL. LII

No 6

9-Feb-2009

OPEC/OIL PRICES

OPEC Price Band Mechanism: To Repeat The Success

By Behrooz Baik Alizadeh

Mr Alizadeh is Senior Oil Market Analyst at the Iranian Ministry of Petroleum (email balizadeh@nioc.org). This analysis is based upon the personal opinion of the author and does not represent the official view of the Ministry.

Oil markets have recently been experiencing severe oil price slumps. The OPEC Basket crude price fell from a level of $140.73/B on 3...