VOL. XLVII
No 20
17-May-2004
OPEC
OPEC Needs To Regain Credibility
The following comment was written for MEES by Nordine Ait-Laoussine, President of the Geneva-based consulting firm Nalcosa and former Algerian Energy Minister, and John Gault, President of the Geneva-based John Gault SA Energy Project.
Judging from recent developments, OPEC is clearly losing credibility in oil pricing matters. The market has begun to discount OPEC statements, with the result that prices are actually moving...
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