NO. 50


Focus On Price At Geneva OPEC Meeting

From MEES soundings in advance of the 16 September OPEC ministerial meetingin Geneva, it seems clear that a large majority of the OPEC members will bewanting to focus on the price issue and the attainment of the $21/B target levelfor the OPEC basket. This momentum in favor of a higher oil price has beenintensified by the financial distress currently prevalent among many of theOPEC oil producers.

There is a good deal of...