Recent oil price trends underscore OPEC's unwieldy market power

06/12/2000
Click here to enlarge imageAt the end of 1997, with the Asian economic crisis unfolding and the Organization of Petroleum Exporting Countries raising production at its now infamous Dec. 1 meeting, some industry observers claimed that OPEC was out of touch, if not moribund.The ensuing price decline of 1998 divided OPEC watchers into two camps: those who said the price decline was proof of OPEC's impotence and those who pointed to OPEC's high production and falling prices as evidence of OPEC's power, however mismanaged.During the intervening 21/2 years, events in the oil market have validated, like no other period since the 1970s, OPEC's clear but largely unwieldy market p...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected