Middle East Economic Survey

VOL. LI

No 38

22-Sept-2008

OIL PRICES

Oil Producers Standpoint

By Behrooz Baik Alizadeh

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

Crude oil prices have recently increased to an unprecedented level. This issue has caused oil consumers to exert political pressure on the producers for the supply of...