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Economics

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The Riyadh-Vienna decisions and the world oil market

Article Abstract:

The world oil market is predicted to have an excess supply in 1998 that can result in low oil prices. The market was previously marked in 1997 with high oil prices and overproduction resulting in low demand for oil products. The Riyadh Pact in March 22, 1998 between Venezuela, Saudi Arabia, and Mexico reduced oil production by 600,000 barrels a day. Other OPEC and non-OPEC nations have already pledged to reduce their oil production after the OPEC summit in Vienna on March 30, 1998.

Commodity Agreements, Economic policy, Petroleum industry, Organization of the Petroleum Exporting Countries

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Effects of US sanctions on Iranian and Caspian petroleum industries: can the world do without Iran, Iraq and Libya?

Article Abstract:

A discussion on the implications of sanctions on the oil producing countries, Libya, Iraq and Iran, when demand for oil is increasing. The problems faced the US authorities over its sanctions on Iran which are preventing oil and gas production from the Caspian Basin is highlighted.

Iraq, Supply and demand

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Sanctions on Iran, Iraq, Libya: update and analysis of trends

Article Abstract:

The US has unilateral trading sanctions with Iran whilst the United Nations has backed sanctions against Libya and Iraq. Some observers have pointed out the sanctions have not been effective in changing the behaviour of the leaders.

United States, International aspects

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