VOL. XLIII

No. 25

19-June-2000

OPEC

OPEC Between A Rock And A Hard Place

In normal circumstances, the present situation in the world oil market should be ideal for OPEC member states. Prices are high, demand is healthy and the major consuming countries are pressing for a production increase. So why does the organization find itself in a quandary?

To start with, the producing countries recognize that prices have risen too fast and that measures should be taken to remedy the situation. However, the...