Middle East Economic Survey

VOL. LIV

No 14

1-Apr-2011

OPEC's Response To Currency Conflicts

By Behrooz Baik Alizadeh

Mr Alizadeh is Senior Oil Market Analyst at Irans Ministry of Petroleum (balizadeh@nioc.ir). This analysis is based on the personal opinion of the author and does not represent the official view of the ministry.

Crude oil prices in early December 2010 increased significantly, with Brent spot prices surpassing $90/B. Increasing oil prices had raised the possibility that the...