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| Tekijä: | Ahmed, R. |
| Otsikko: | OPEC's Balancing act |
| Lehti: | African Business
2001 : 264, p. 35-36 |
| Asiasana: | OPEC OIL INDUSTRY OIL PRICES |
| Kieli: | eng |
| Tiivistelmä: | 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. |
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