OPEC pricing decisions through 1985
Journal Article
·
· Energy Viewpoint; (United States)
OSTI ID:6744921
Recent developments brought the future of OPEC price decisions under intense scrutiny. Since OPEC's decision in March to support the Saudi marker price and curb crude oil production, oil prices firmed somewhat in the spot markets. Nevertheless, as of the end of April, petroleum markets remained sloppy and the final outcome still remains uncertain. Bankers Trust felt that OPEC would succeed in holding the marker price at $34 a barrel in 1982; through 1985, they predict nominal increases in the price of oil but at a rate lower than inflation. The real price, therefore, will decline modestly for the next few years. 1 table.
- OSTI ID:
- 6744921
- Journal Information:
- Energy Viewpoint; (United States), Journal Name: Energy Viewpoint; (United States) Vol. 3:2; ISSN EVPTD
- Country of Publication:
- United States
- Language:
- English
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