VOL. XLVII
No 04
26-January-2004
OPEC
OPEC Reiterates Concerns About Impact Of Weak Dollar On Purchasing Power
The continued weakness of the US dollar against other major currencies is a cause of concern for oil producers who have strong trade links with Eurozone countries, according to OPECs December Monthly Oil Market Report. The real value of a barrel of crude oil is mainly influenced by two factors, which are inflation and currency fluctuation, the report said, noting that since the inception...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!