SHEIKHS’ OIL PUTS THE SKIDS UNDER US RESCUE PLAN
Who says that the sheikhs no longer control the oil markets? A simple decision to increase production from 2.5 million to 5 million barrels a day threatens to undermine the Baker Plan even before the US Treasury Secretary’s bold shift in policy produces any firm results.
It is rapidly becoming obvious that a move which was intended to inject a little growth into Third World economies has in fact damaged them as the price of oil tumbles.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
