VOL. XXXIV
NO. 36
10-JUNE-1991
Supply/Demand
IEA Welcomes Contacts with Oil Producers But Insists Production and PriceDetermination Must Be Left to Market Forces
Meeting at ministerial level in Paris on 3 June, the Governing Board of theInternational Energy Agency (IEA) welcomed the development of contacts with oilproducing countries, but reaffirmed that oil production volumes and pricedetermination should be left to market forces. In this connection, the IEAcommunique had the following to say:
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