VOL. XLV

No 21

27-May-2002

OPEC

How Stocks Policies Have Influenced Leading Market Crudes

By Mohammad Sadegh Memarian

This article was written for MEES by Mr Mohammad Sadegh Memarian, Economic Analyst at the Iranian Ministry ofPetroleum. This analysis is based upon the personal opinion of the author anddoes not represent the official view of the Ministry.

OPECs main objectivesince its creation in 1960 has been oil market stability, either in terms ofsecurity of supply or price stability. The...