VOL. XLIII
No. 11
13-March-2000
LETTER TO THE EDITOR
To: The Editor, Middle East Economic Survey (MEES),
Dear Sir,
There is a great deal of speculation as to the outcome of the forthcoming OPEC conference as far as concerns the production restraint observed by OPEC and some non-OPEC exporters over the last year.
A cut-back in the production of these countries of some 7% has allowed a price recovery of approximately 200%. This price rise came at the end of a 20-year downhill slide that began around...
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