The Middle East and North Africa in a Changing Oil Market

September 5, 2003

Preview Citation

Format: Chicago

Bright E Okogu. The Middle East and North Africa in a Changing Oil Market, (USA: International Monetary Fund, 2003) accessed December 22, 2024

Summary

The world oil market has undergone a series of changes that have reduced the share of oil in the global energy balance and, with it, the influence of Middle Eastern oil exporters. In spite of oil’s loss of ground, however, Middle Eastern countries remain at the center of world oil developments. This paper focuses on the developments in the international oil market, the role of Middle Eastern countries therein, and the policy challenges arising from the dependency on oil.

Subject: Commodities, Economic sectors, Natural gas sector, Oil, Oil prices, Oil sector, Oil, gas and mining taxes, Prices, Taxes

Keywords: Demand, Gas and mining taxes, Global, Market share, MENA OPEC country, Middle East, MISC PUBS, Misc., Natural gas sector, Oil, Oil prices, Oil sector, Opec, OPEC grip, OPEC oil quota obligation, OPEC output, OPEC price-setting practice, OPEC pricing approach, OPEC reserve, Price, Price collapse, Price effect, Quota policy, Reference price, Supply share, Term contract

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Pamphlet Series, No.
Stock No:

MECOEA
ISBN:

9781589062344
ISSN:

0538-8759

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