Middle East Economic Survey

VOL. XLIX

No 31

31-Jul-2006

OPEC

OPECs Discounts On Heavy Crude Oil: Is A New Policy Instrument Taking Shape?

By Bassam Fattouh

Bassam Fattouh is a Reader in Finance and Management in the Department of Financial and Management Studies, SOAS, University of London and Senior Research Fellow at the Oxford Institute of Energy Studies. This is a part of a larger project examining the behaviour of oil price differentials. The contents of this paper are the authors sole...