No. 18



The Oil Price Crisis: A Short And Medium-Term Outlook

by Fadhil J. Chalabi

The following is the text of a paper delivered by Dr. Fadhil Chalabi at the 8thAnnual Conference of the Centre for Global Energy Studies (CGES) in London on 28 April.Dr. Chalabi is Executive Director of CGES and a former Acting Secretary General of OPEC.

The current decline in oil prices is the fourth since the first price crash of 1986.All previous price falls have been followed by price...