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Steadying of oil prices

  • Economic Trends
  • Published:
Intereconomics

Abstract

Oil prices have fallen below the 30 dollar mark sooner than expected. In March they were in the lower half of OPEC’s target price band. Will OPEC manage to maintain high prices and revenues by restricting production?

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References

  1. A sum of 25–30 cents per barrel were quoted recently. Cf. Energy Information Administration (EIA): OPEC Fact Sheet, 6th March 2001.

  2. Cf. “Iraq Wk Oil Exports Up”, Dow Jones Newswires, 20th March 2001.

  3. Cf. “Ignoring market pleas”, in: Petroleum Economist, February 2001, p. 19.

  4. Cf. IEA Oil Market Report, 14th March 2001.

  5. Cf. Klaus Matthies: Tight Supply Keeps Oil Prices Soaring, in: INTERECONOMICS, Vol. 35, No. 5, 2000, p. 256.

  6. Cf. on the various costs of production Jonathan Pershing: Fossil fuel implications of climate change mitigation responses, IEA, Paris, October 1999, Table 5.

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  7. Cf. OPEC: Who gets what from imported oil?, http://www.opec.org

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Authors and Affiliations

  1. Hamburg Institute of International Economics (HWWA), Germany

    Klaus Matthies

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  1. Klaus Matthies
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Matthies, K. Steadying of oil prices. Intereconomics 36, 109–112 (2001). https://doi.org/10.1007/BF02973776

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  • DOI: https://doi.org/10.1007/BF02973776

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