Middle East Economic Survey
VOL. XLVII
No 41
11-October-2004
OIL PRICES
G-7 Meeting Focus On Oil Information And Transparency; Offers No Remedies For High Prices
The G-7 communiqué issued by the finance ministers and central bank governors, following their meeting in Washington on 1 October, dealt with long-term issues but offered no panaceas to the current rapid rise in oil prices. The joint statement recognized that oil prices remain high and are a risk, and promised to deal with medium-term...
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