, Volume 36, Issue 5, pp 272–276 | Cite as

Production cuts to support oil prices

  • Klaus Matthies
Economic Trends


Most commodity quotations have continued to fall in recent months as a result of the weaker global economy. Crude oil prices, on the other hand, had been maintained at the high level targeted by OPEC since the start of the year, but lately they, too, have started to fall. Is the success of the oil exporters' change in production policy built to last?


World Market Price OPEC Country Production Quota OPEC Member Export Programme 


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  1. 2.
    Cf. IEA Oil Market Report, September 2001.Google Scholar
  2. 3.
    Cf. Alexei Barrionuevo: Crude-oil prices soar amid fear supplies could be disrupted, in: Wall Street Journal, 12.9.2001.Google Scholar
  3. 4.
    Cf. Klaus Matthies: Steadying of Oil Prices, in: INTERECONOMICS, Vol. 35, No. 2, 2001, pp. 109–112.Google Scholar

Copyright information

© HWWA and Springer-Verlag 2001

Authors and Affiliations

  • Klaus Matthies
    • 1
  1. 1.Hamburg Institute of International Economics (HWWA)Germany

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