Tag: WPM31

  • OPEC Pricing Power: The Need for a New Perspective

    By: Bassam Fattouh

    Since the 1973 oil price shock, the history and behaviour of the Organization of Petroleum Exporting Countries (OPEC) have received considerable attention both inthe academic literature and in the media.1 Many conflicting theoretical and empirical interpretations about the nature of OPEC and its influence on world oil markets have been proposed. The debate is not […]