NO. 25


Saudi Arabia

Nazer Says Quota Observance Should Bring 2H Price Improvement

The Saudi Oil Minister, Mr. Hisham Nazer, has told the Saudi Cabinet that ifthe OPEC members adhere to their quotas prices can be expected to rise graduallyin the second half of the year, according to information Minister 'Ali Sha'ir.Mr. Sha'ir told the official Saudi Press Agency (SPA) after the 19 March Cabinetmeeting that Mr. Nazer had briefed the Cabinet on the results of the 16 March...