Middle East Economic Survey

VOL. L

No 44

29-October-2007

Reasons Behind The Recent Hike In Oil Prices

By Behrooz Baik Alizadeh

The following article was written for MEES by Behrooz Baik Alizadeh, senior oil market analyst, Ministry of Petroleum of Iran (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 prices have recently hiked to unprecedented levels. Since the beginning of current year up to the week...