VOL. XXXIII

NO. 8

27-NOVEMBER-1989

General

No Surprises Expected in Price Movements in the Short Term, Says Armas

Dr. Celestino Armas, the Venezuelan Minister of Energy and Mines, said lastweek that so far as oil prices are concerned "no surprises are likely totake place" in the short term, and that they will remain within a band of$2 around the current OPEC reference price of $18/B.

Speaking at the Third Annual Conference held jointly by the French-ArabChamber of Commerce and the Arab Petroleum...