VOL.XLIII/XLIV

No.52/ No. 01

25-Dec.-2000/1 Jan. 2001

Oil Market Structure And Oil Market Behavior

by Michael C Lynch

The following article is taken from a background paper prepared by Michael Lynch for the 7th International Energy Forum (IEF) held in Riyadh, Saudi Arabia, 17-19 November 2000. Mr Lynch is Vice-President of the World Economic Forecast Associates (WEFA) in New York, and a former MIT professor.

Market Changes

Although the world oil market structure may seem to have stabilized, this is...