VOL. XLII
No 40
4-October-1999
OPEC
Managing Oil Prices Within A Band
by Robert Mabro
The following article by Professor Robert Mabro, Director ofthe Oxford Institute for Energy Studies (OIES), is reproduced from the OIESSeptember monthly web page <http: //associnst.ox.ac.uk/energy/>
Oil prices fell to very low levels during the January1998-March 1999 crisis. The oil-exporting countries sought to redress thesituation by repeated attempts to impress the market with production cuts. Thefirst...
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