VOL. XLIII

No. 17

24-April-2000

OPEC

Energy Derivatives: Essential Tools Or Expensive Luxuries?

The following is the keynote address delivered by Shaikh Ahmad Zaki Yamani, Chairman of the Centre for Global Energy Studies (CGES) and former Saudi Arabian Oil Minister, at the CGES Energy Derivatives Seminar, held in London on 12 April, and sponsored by the New York Mercantile Exchange(NYMEX).

What I would like to do is to discuss a broad issue an issue, nevertheless, of considerable potential...