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Friends or fellow travelers: the relationship of non-OPEC exporters with OPEC

Journal Article · · J. Energy Dev.; (United States)
OSTI ID:6071380

Activities of the Organization of Petroleum Exporting Countries (OPEC) in the 1970s have directly affected a number of non-OPEC net exporters, which have benefitted from higher oil prices and a better bargaining relationship with the oil-importing countries. Many of these countries have broad economic bases, however, and their economic interests may conflict with OPEC development interests. Since both groups have a common responsibility to manage petroleum production to maintain global supply and demand balances, their long-term relationships should reflect this perspective. Mexico and Norway, with a recent potential for increasing oil and natural gas production and exports, are examined to illustrate how their production decisions relate to those of the OPEC countries and with the Organization of Economic Cooperation and Development (OECD) countries on matters of price.

Research Organization:
Oslo Inst. of Business Administration, Norway
OSTI ID:
6071380
Journal Information:
J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 4:2; ISSN JENDD
Country of Publication:
United States
Language:
English