VOL. XLV
No 5
4 February 2002
SUPPLY/DEMAND
IMF Considers Benefits Of Hedging Oil Risk By Oil-Dependent Countries
Many oil producing countries areexposed to oil price risk, especially those heavily dependent on oil revenues,and find dealing with large price movements difficult and costly, according toJames A Daniel of the Fiscal Affairs Department of the International MonetaryFund (IMF). In the IMF working paper Hedging Government Oil Price Risk, publishedin November 2001, Mr Daniel says that...
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