search query: @indexterm OIL PRICES / total: 245
reference: 13 / 245
| Author: | Ahmed, R. |
| Title: | OPEC's Balancing act |
| Journal: | African Business
2001 : 264, p. 35-36 |
| Index terms: | OPEC OIL INDUSTRY OIL PRICES |
| Language: | eng |
| Abstract: | The price of crude oil is likely to remain relatively high throughout the year, underpinned by OPEC's determination to stabilize prices. This gives non OPEC producers a welcome window of opportunity to increase profits. In this paper the author analyses the international oil market. In conclusion the authors states that OPEC's long-term interest lies in achieving a sustainable and moderate price. This in turn, can discourage both a rapid expansion in non-OPEC output capacity - with the potential to create an oil glut and plunging prices - and investments in alternative energy supplies like gas and coal. |
SCIMA