VOL. XXXIV

NO. 10

10-DECEMBER-1990

Gulf Crisis

Subroto Says War Will Push Oil Price over $50/Barrel

OPEC's Secretary General, Dr. Subroto, believes that "if there is a warin the Gulf prices will go up above $50/B." Speaking in Mexico on 6December during a meeting of 11 independent oil producing countries, Mr. Subrotoadded that "it is very likely that the production facilities and the oilfields in Iraq and Kuwait would be damaged severely." But he also said thata peaceful end to the Gulf crisis...