Front Matter
Author:
Mr. Bright E Okogu
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Language:
English
Keywords:
MISC PUBS; Misc.; price; Opec; market share; OPEC output; demand
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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.

© 2003 International Monetary Fund

Cover design by Luisa Menjivar-Macdonald

Production: IMF Multimedia Services Division

Cover photo of Ras Tanura refinery in Saudi Arabia.

© Bettmann/CORBIS

A shorter article on this topic appeared in the March 2003 issue of the IMF’s Finance & Development.

ISBN 9781589062344

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Cover The Middle East and North Africa in a Changing Oil Market
The Middle East and North Africa in a Changing Oil Market
ISBN:
9781589062344
ISSN:
0538-8759
Publication Date:
05 Sep 2003
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589062344.054
Pages:
26

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