Middle East Economic Survey

VOL. LIII

No 14

05-April-2010

Cancun Declaration Looks To Intensify Producer/Consumer Dialogue

Oil ministers from all round the globe, CEOs and heads of international energy organizations, meeting in Cancun, Mexico on 30-31 March for the 12 International Energy Forum (IEF), announced plans to deepen producer/consumer cooperation with the aim of reducing oil market volatility. A convergence of views between producers and consumers has formed on certain key issues. But...