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OPEC and the Price of Oil in 1993

Editor's note: This article is based on a talk given by Mr. Francisco R Parra--a former Secretary General of OPEC and senior executive of Petroleos de Venezuela-at the Advanced International Petroleum Executive Seminar held byPetroleum Economics Limited in Divonne, from 9 to 11 March 1993. The article first appeared in Middle East Economic Survey 36:26, 29 March 1993. It is reprinted here with permission from the author and MEES.

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Energy Specializations: Petroleum – Markets and Prices for Crude Oil and Products; Energy Security and Geopolitics – International Energy Organizations

JEL Codes: Q38: Nonrenewable Resources and Conservation: Government Policy, Q41: Energy: Demand and Supply; Prices, L71: Mining, Extraction, and Refining: Hydrocarbon Fuels, Q47: Energy Forecasting, Q35: Hydrocarbon Resources

Keywords: OPEC, Oil prices, World oil demand

DOI: 10.5547/ISSN0195-6574-EJ-Vol15-No1-2

Published in Volume15, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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