Perez Proposes Joint OPEC-IEA Committee to Stabilize Oil Prices
In order to identify traders suspected of hoarding oil to raise prices, Mr.Carlos Andres Perez, the Venezuelan President, has proposed that members of OPECand the IEA should form a joint committee to monitor oil routes and work tostabilize oil prices. "Somebody is hoarding oil. Somebody wants to playdangerously with oil prices. The joint OPEC-IEA committee should try to discoverwho could be...