Shifting Economic Power In World Oil Markets

Shifting Economic Power In World Oil Markets

The Organization of Petroleum Exporting Countries (OPEC) has encountered rough times before, but never has its power over the world oil market been in question as it is today. Along with the global recession, and following the tragedy of September 11th, there has been a noticeable shift in the prior...

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Veröffentlicht in:The international business & economics research journal 2011-02, Vol.2 (1)
Hauptverfasser: Akacem, Mohammed, Gilliam, Lynde
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container_title The international business & economics research journal
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creator Akacem, Mohammed
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description The Organization of Petroleum Exporting Countries (OPEC) has encountered rough times before, but never has its power over the world oil market been in question as it is today. Along with the global recession, and following the tragedy of September 11th, there has been a noticeable shift in the priorities and objectives of both OPEC and non-OPEC members. As a result, OPECs once dominant position in world oil markets appears to be weakening.
doi_str_mv 10.19030/iber.v2i1.3751
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