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...