NO. 29



OPEC Statements of Concern over Price Drop

There have been three key statements by OPEC leaders over the past weekexpressing concern at falling oil prices: one on 15 April by Saudi Oil MinisterHisham Nazer; another by the Oil Ministers of Saudi Arabia, Kuwait and the UAEfollowing their meeting in Jiddah on 17 April; and a third on 19 April byAlgerian Oil Minister Sadek Boussena (the current President of the OPECConference) announcing the convening of an urgent...