Cover The Middle East and North Africa in a Changing Oil Market
The Middle East and North Africa in a Changing Oil Market
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Abstract

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.

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Author:
Mr. Bright E Okogu
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Series:
Pamphlet Series
Publisher:
International Monetary Fund
Language:
English
Publication Date:
05 Sep 2003
DOI:
https://doi.org/10.5089/9781589062344.054
ISBN:
9781589062344
ISSN:
0538-8759
Pages:
26
Keywords:
MISC PUBS; Misc.; price; Opec; market share; OPEC output; demand; OPEC grip; OPEC price-setting practice; OPEC oil quota obligation; price collapse; MENA OPEC country; quota policy; price effect; term contract; OPEC reserve; OPEC pricing approach; supply share; reference price; Oil; Oil prices; Oil sector; gas and mining taxes; Natural gas sector; Middle East; Global
Legal-disclaimer:
The views expressed in this pamphlet, including any legal aspects, are those of the author and should not be attributed to Executive Directors of the IMF or their national authorities.
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