VOL. XXXVIII

NO. 51

18 SEPTEMBER 1995

OPEC Will Face Crucial Dilemma In November

The following article is based on a presentation by MEES Editor Ian Seymourto the Oxford Energy Seminar on 6 September.

Despite its surface quiescence, OPEC is now facing a crucial and dangerousdilemma, the outcome of which will dictate the price parameters for the upstreamsegment of the oil industry for some years to come.

OPEC has frozen its production quotas for the past couple of years in thehope of achieving a...