Part 2: The oil price crisis of 1998
Part 1: A new global oil deal could draw lessons from 1998
OEF Rapid Review Articles
With oil prices touching their lowest level since 2003, Dmitry Zhdannikov writes that OPEC officials and deal brokers are looking back nearly two decades and asking whether a behind-the-scenes deal to curb oil output between OPEC and non-OPEC Russia could be struck. He suggests that a paper by Robert Mabro, founder of the Oxford Institute for Energy Studies who helped to broker the 1998 oil deal, could could throw light on the current problem. Mabro wrote at the time: “Changes in policy are always possible, even likely, when significant revenue losses are at stake”.
LINK TO THE SOURCE ARTICLE:
Part 1: A new global oil deal could draw lessons from 1998
Part 2: The oil price crisis of 1998
LINK TO THE SOURCE ARTICLE:
Part 1: A new global oil deal could draw lessons from 1998
Part 2: The oil price crisis of 1998