NO. 28


Saudi Arabia

Saudi Newspaper Says Overproduction Squanders Oil Weapon

A Saudi newspaper has deprecated current OPEC overproduction as wasting aresource which represents "an important weapon" for the Arab andIslamic worlds in the struggle against Israel. An editorial on 10 April in thedaily al-Bilad under the heading "OPEC's balanced policy" notes thatthe increase in oil demand in 1990 "is no doubt the natural result of thebalanced policy followed by OPEC in...