VOL. XXXV

NO. 14

6-JANUARY-1992

OPEC

Prospect of Early OPEC Meeting Evaporates

Despite calls by some OPEC members like Algeria for urgent OPEC action toredress the current oil price slide (only partially alleviated by a moderatepost-Christmas rally), any prospect of an early OPEC ministerial meeting, in advance of the session scheduled for 12 February, now seems to have evaporatedvirtually to zero.

For one thing, two of the leading members - Saudi Arabia and Venezuela - arestill firmly convinced...