Middle East Economic Survey

VOL. LIII

No 15

12-April-2010

ESAI Questions Fairness Of $75/B Crude

In a press release published by Energy Security Analysis, Inc (ESAI) on 7 April following the International Energy Forum (IEF) meeting in Cancun (MEES, 5 April), the Massachusetts-based consultancy asked if $75/B is a fair price for crude oil. While OPEC and the International Energy Agency (IEA) have agreed that an average crude of $70-80/B is acceptable to both producers and consumers, ESAI said...