VOL. XLII

No 45

8-November-1999

OPEC

The Oil Price Recovery Is Not Sustainable: Exporting CountryOptions?

by Sharif Ghalib

The following article was written by Sharif Ghalib, DirectorMiddle East and Africa for Standard and Poors in London. The views expressedtherein are the authors and do not necessarily reflect those of Standard andPoors.

During the decade of the 1990s, the price of crude petroleumhas fluctuated sharply with Brent oil having ranged in price between about$12.70/B in 1998 and...