VOL. XLIV
No 31
30-July-2001
OPEC
IEEJ Blames Dubai Price Volatility For ComparativelyHigh Cost Of Middle East Crude In Asia
Asian crude oil buyers pay more than US and Europeancustomers for crude oil from the Middle East, according to the Institute ofEnergy Economics, Japan (IEEJ). In a briefing report published on 11 Julyentitled What to Do about the Asia Premium on Middle Eastern Crude Oil,IEEJ Senior researcher Masayoshi Soga blames the cost penalty to Asia on thevolatile pricing of Dubai...
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