The oil price crisis of 1998
Oil prices have fallen since the end of November 1997 well below a level of $18 per barrel for dated Brent which petroleum-exporting countries and oil companies have been recently inclined to consider as a kind of acceptable norm. The fall in price has elicited rather speedily a producers’ response...
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| Format: | Working paper |
| Language: | English |
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Oxford Institute for Energy Studies
1998
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