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Article: South-south energy cooperation - a casualty of realpolitik.
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- May 4, 2009
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Byline: Syed Rashid Husain
When Asian energy ministers met in Tokyo earlier this week, price volatility appeared to take center stage and the onus was on preventing speculation. The meeting seconded brewing concerns by crude producers about the role of speculators in the already chaotic oil markets and lack of investments in new capacity. It was important to maintain a system that ensured stable crude supply in the medium to longer-term. Asian producers and consumers concurred.
Consequently greater oversight of oil and other commodity markets was urged. Participants in the Tokyo meeting sought limits on positions in over-the-counter trades underlining ...