Butler, Daniel
November 1996
Accountancy;Nov96, Vol. 118 Issue 1239, p26
Trade Publication
The article discusses factors contributing to the dramatic increase in oil prices. Although the Middle East is expected to continue to dominate global oil production, its oil wealth is unevenly distributed across the region. The Iraqi invasion in 1990 significantly impacted oil price. A ban on oil exports from Iraq has been implemented after the country invaded Kuwait.


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