Rolling out the barrels

Dutta, Ashok
November 2006
MEED: Middle East Economic Digest;11/3/2006, Vol. 50 Issue 44, p8
Trade Publication
This article focuses on the growing doubts among observers that the Organization of Petroleum Exporting Countries (OPEC) will be able to keep to its commitment to deliver the output cuts its president promised at an emergency meeting in Doha, Qatar. OPEC called it "an act of interim stabilisation" when it announced a 1.2 million-barrel-a-day reduction in output. The cuts came into effect on 1 November.


Related Articles

  • The Target Revenue Model and the World Oil Market: Empirical Evidence from 1971 to 1994. Alhajji, A. F.; Huettner, David // Energy Journal;2000, Vol. 21 Issue 2, p121 

    This study draws on other studies that concluded OPEC is not a cartel and Saudi Arabia acts as a dominant producer in the world oil market. The intention here is to see whether the Target Revenue (TR) model provides an explanation for the behavior of some OPEC members that do not coordinate...

  • Prices drop on OPEC decision.  // MEED: Middle East Economic Digest;12/5/2003, Vol. 47 Issue 49, p12 

    Reports on a decline in oil prices in relation to a decision by the Organization of Oil Producing & Exporting Countries (OPEC) to leave its output ceiling unchanged on December 4, 2003. Trading of Brent per barrel following the decision of OPEC; Reaction of producers to the move of OPEC to roll...

  • OPEC Deadlocked As Iran, Saudis Harden Positions On Cuts Deal.  // Investors Business Daily;11/29/2016, p1 

    The article reports that the Organization of Petroleum Exporting Countries' (OPEC) latest deal to curtail oil production appeared in jeopardy as Iran decided not to make cuts while Saudi Arabia insisted Tehran must be willing to play a meaningful role in any agreement. Ministers gathering in...

  • Nigeria sticks with OPEC. Akanni, Fred // Offshore;Sep2002, Vol. 62 Issue 9, p20 

    Reports that Nigeria plans to remain as member of the Organization of Petroleum Exporting Countries (OPEC). Nigerian presidential adviser on petroleum Rilwan Lukman's speech during the year 2002 conference of the Society of Petroleum Engineers; Lukman's response to a report by the British...

  • Russian rigs to the rescue. Lavelle, Marianne // U.S. News & World Report;2/11/2002, Vol. 132 Issue 4, p48 

    Discusses the role of Russia in the international petroleum industry. Price of crude oil globally; Mention of the Organization of Petroleum Exporting Countries; Relations of the United States with the Russian oil industry; Outlook for the impact of Russia on the global petroleum industry.

  • OIL MARKET OUTLOOK.  // Middle East Monitor: East Med;Jul2004, Vol. 14 Issue 7, p1 

    Organization of the Petroleum Exporting Countries' (OPEC) decision at its June meeting to raise quotas by 2mn b/d from July 1 has had only a marginal effect on oil prices. Strong demand from Asia and the US, and low OECD stocks mean that markets are vulnerable to fears of supply shortfalls due...

  • OPEC--Will It Work? Fixler, L. Donald; Ferrar, Robert L. // Columbia Journal of World Business;Fall74, Vol. 9 Issue 3, p47 

    In this article the Middle East oil market will be analyzed in terms of the self-interest of the producing countries. Price and output policies which maximize the revenue and profit of oil exporting countries will be discussed. It is an acceptable practice in the West for producers to look after...

  • Will Iraq quit OPEC? Blanche, Ed // Middle East;Jul2003, Issue 336, p18 

    Iraq's position in the Organization of Petroleum Exporting Countries (OPEC) is in the balance following the American take over of the country. The U.S. conquest and occupation of Iraq has given America the control of one of the world's major oil producers, a country many believe has untapped...

  • OPEC--The Arab point of view. Fixler, L. Donald; Ferrar, Robert L. // Management Review;Mar75, Vol. 64 Issue 3, p35 

    Examines key issues relevant to the crisis in the petroleum industry and trade in the Middle East. Factors influencing the oil crisis; Strategies by which countries may cope with the oil crisis; Achievement of market power by oil-producing nations through membership to the Organization of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics