Middle East Economic Survey
Spare Capacity And Oil Price DynamicsBy Bassam Fattouh
Dr Fattouh is a Reader in Finance and Management in the Department of Financial and Management Studies, SOAS, University of London. This article is based on the authors presentation at The Commodities Investors Forum, Geneva, Switzerland, 16 November 2005.
The oil price hikes in 2005 revealed an oil market that has lost a great deal of its flexibility and...