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OPEC IN THE 1990S

01.01.1990 / Energyboardroom

The Organization Of Petroleum Exporting Countries enters the 1990s in an optimistic mood, based mainly on forecasts from various members that rising demand for crude oil spells an end to the unloved system of national quotas. Forecasts of when the need for quotas will disappear are far from specific, ranging from 1992 onward. That may be vague, but for OPEC's 13 members it is psychologically important. An end to quotas should signal a return to a world in which non-OPEC production is in

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