NO. 28



OPEC Will Not Tolerate a Price Crash, Says Otaiba

OPEC will not stand idle with regard to what is happening in the oil marketand there is a red line below which oil prices should not drop, according to Dr.Mana Saeed al-Otaiba, the UAE Petroleum Minister. Dr. Otaiba told the EmiratesNews Agency on 11 April that "the Organization of Petroleum ExportingCountries will not stand idle with its hands tied with regard to what ispresently happening in the oil market,"...