No. 10



A New Look At Key Influences On Crude Oil Price Movements

by Ramzi Salman

The following is the text of a presentation made by Dr.Ramzi Salman, the Deputy Secretary General of OPEC, to theOPEC ministerial conference in Vienna on 21-22 November.

Several years ago, when the effect of OPEC production fluctuations on oil prices was investigated, it was establishedthat there was a time lag of some two and a half to threeand a half months between peaks of high...