TITLE

COOPERATION AMONG OIL EXPORTING COUNTRIES WITH SPECIAL REFERENCE TO ARAB COUNTRIES: A POLITICAL ECONOMY ANALYSIS

AUTHOR(S)
Mikdashi, Zuhayr
PUB. DATE
January 1974
SOURCE
International Organization (00208183);Winter74, Vol. 28 Issue 1, p1
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article is an interpretation of economic and political forces affecting cooperation among oil exporting countries. The analysis focuses on the Organization of Petroleum Exporting Countries (OPEC), notably on its Arab and Middle East members. It reviews salient characteristics of the world oil industry, describes the institutional framework of oil exporting countries' cooperation, discusses solidarity among Arab countries and between Arab and non-Arab countries, and evaluates the performance of collective efforts. In the last few decades, petroleum has been a relatively high growth industry-growing at the rate of 7 to 8 percent per year. It has substantially increased its share of the energy market, encroaching notably on higher cost coal. Its uses have also multiplied, so that it has now become-besides a major source of energy-an important supplier of feedstock to the chemical, fertilizer, and synthetics industries. It is the leader in value and volume among internationally traded commodities. Competing forms of energy, notably nuclear power, are not expected to threaten the position of petroleum before the turn of the century.
ACCESSION #
5182807

 

Related Articles

  • Global Oil Market Outlook.  // Japan Oil & Gas Report;Q4 2010, p14 

    The article presents an outlook on the condition of the global oil market in 2010. It states that oil prices have experienced rough treatment despite the rising demand projections and signs of reduced supply growth in 2010. It notes that the continued deepwater projects in non-Organic of...

  • Oil Price Outlook.  // Nigeria Oil & Gas Report;Q4 2008, p18 

    The article presents information on the petroleum pricing policies of the Organization of Petroleum Exporting Countries (OPEC). According to the organization, oil prices have become increasingly unstable because of financial market developments and the increased flow of speculative funds into...

  • OIL MARKET OUTLOOK.  // Africa Monitor: Southern Africa;Mar2005, Vol. 10 Issue 3, p1 

    This article focuses on international market of petroleum industry and trade, as of March 1, 2005. Crude prices rose substantially in January 2005, mainly due to a rise in demand for heating supplies in the U.S. after a cold snap, which pretty much removed Organization of the Petroleum Exporting...

  • Facing the Future. Dablain, Damien // Harvard International Review;Nov1985, Vol. 8 Issue 1, p34 

    The article focuses on the Organization of Petroleum Exporting Countries which is struggling to prevent its own collapse. The organization is unable to control prices or enforce member production quotas. Implications related to the decline in the market power of the organization and economic...

  • What Oil Export Levels Should We Expect From OPEC? Gately, Dermot // Energy Journal;2007, Vol. 28 Issue 2, p151 

    We analyze the levels of oil exports that should be expected from OPEC over the next 25 years. We search for a long-term, market-adaptive, robustly optimal strategy that best serves OPEC's interests, and conclude that OPEC export profits will be higher if OPEC expands its oil exports by enough...

  • Section 11. International Petroleum.  // Monthly Energy Review;Jun2005, p149 

    The article provides information on the level of global petroleum production in 2005. World crude oil production was recorded at 74 million barrels per day in March. The Organization of Petroleum Exporting Countries reached an average of 31 million barrels per day in the same month. Petroleum...

  • OIL MARKET OUTLOOK.  // Africa Monitor: Southern Africa;Apr2006, Vol. 11 Issue 4, p1 

    The article presents a forecast regarding the oil industry. The Organization of Petroleum Exporting Countries (OPEC) was predicted to maintain production at its March 2006 meeting because of light geopolitical risks to supply, combined with high demand. The OPEC basket price declined to...

  • OPEC: Much ado about nothing? Ford, Neil // Middle East;Nov2005, Issue 361, p34 

    This article reports that the Organization of Petroleum Exporting Countries (OPEC) has agreed to try to boost output by a massive 2m barrels a day. However, with little new refining capacity expected to become operational over the next year, there seems little to push barrel prices below the $60...

  • Global Energy Market Outlook.  // Russia Oil & Gas Report;Q2 2012, Issue 2, p10 

    The article presents an overview of the global condition of the energy market. It notes the effort of petroleum producers to catch up with meeting the high demand from consumers. However, it reminds that both the supply and demand of such products will remain uncertain due to major disruptions...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics