Skip to main content
Taylor & Francis Group Logo
Advanced Search

Click here to search books using title name,author name and keywords.

  • Login
  • Hi, User  
    • Your Account
    • Logout
Advanced Search

Click here to search books using title name,author name and keywords.

Breadcrumbs Section. Click here to navigate to respective pages.

Chapter

Epilogue—Developments between July 1985 and March 1986

Chapter

Epilogue—Developments between July 1985 and March 1986

DOI link for Epilogue—Developments between July 1985 and March 1986

Epilogue—Developments between July 1985 and March 1986 book

Epilogue—Developments between July 1985 and March 1986

DOI link for Epilogue—Developments between July 1985 and March 1986

Epilogue—Developments between July 1985 and March 1986 book

ByBenjamin Shwadran
BookMiddle East Oil Crises Since 1973

Click here to navigate to parent product.

Edition 1st Edition
First Published 1986
Imprint Routledge
Pages 12
eBook ISBN 9780429035821

ABSTRACT

The Organization of Petroleum Exporting Countries (OPEC) conferences—both regular and extraordinary—were practically paralyzed because members could not agree on either price or production levels. The oil-consuming world has accepted the price reduction as a most welcome development, one that will reestablish a sane balance in international economic and financial orders that were seriously and dangerously disrupted by the reckless OPEC oil price hikes. The United Arab Emirates minister of oil, Mana Said al-Otaiba, appeared on Abu Dhabi television on October 31, 1985, and declared: "Since the last OPEC meeting every producing country, whether OPEC or non-OPEC, has had complete freedom in setting whatever price it sees fit for its oil. The United States, although a major oil producer, had readily accepted the prospects with a sigh of relief. The big issue was the production level; the real villains, according to OPEC spokesmen, were the non-OPEC producers.

T&F logoTaylor & Francis Group logo
  • Policies
    • Privacy Policy
    • Terms & Conditions
    • Cookie Policy
    • Privacy Policy
    • Terms & Conditions
    • Cookie Policy
  • Journals
    • Taylor & Francis Online
    • CogentOA
    • Taylor & Francis Online
    • CogentOA
  • Corporate
    • Taylor & Francis Group
    • Taylor & Francis Group
    • Taylor & Francis Group
    • Taylor & Francis Group
  • Help & Contact
    • Students/Researchers
    • Librarians/Institutions
    • Students/Researchers
    • Librarians/Institutions
  • Connect with us

Connect with us

Registered in England & Wales No. 3099067
5 Howick Place | London | SW1P 1WG © 2021 Informa UK Limited