VOL. XXXIII

NO. 30

30-APRIL-1990

OPEC/Non-OPEC

Iran Blames Saudi Arabia, Kuwait and UAE for Oil Glut

Iranian media of both radical and moderate persuasions have accused the threemain Arab oil producers of the Gulf Cooperation Council (GCC) - Saudi Arabia,Kuwait and the UAE - of being responsible for the current production glut on the world oil market and consequent drop in oil prices. The Tehran press attacks focused mainly on Saudi Arabia, and may have been the occasion for a ferocious...