Middle East Economic Survey

VOL. LIII

No 38

20-Sep-2010

MEES Agenda

OPEC Confounds Doubters To Mark 50th Anniversary

By Rafiq Latta

The Organization of Petroleum Exporting Countries (OPEC) on 14 September celebrated the 50th anniversary of its creation in Baghdad. The intervening five decades have seen setbacks, crises and long periods of relative market impotence, but the organization has without a doubt silenced early skeptics to wrestle control of the primary revenue source for its member...