Middle East Economic Survey
VOL. XLVII
No 39
27-September-2004
Production Management, Security Of Demand And Market Stability
By Adrian Lajous
The following paper was presented at the OPEC International Seminar, Vienna, 17 September 2004. The author is Chairman of the Oxford Institute of Energy Studies. Reprinted with permission.
The prevalence of spare capacity in the global crude oil market, as well as the willingness and ability to make effective use of the flexibility it provides, have been key...
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